Amazon's Data Center Arm Pays $116M For Northern Virginia Site
Amazon is making waves in Northern Virginia with the development of its second headquarters, but the tech giant continues to quietly grow its footprint roughly 30 miles west with a different property type.
The tech giant bought it from an affiliate of Colorado-based White Peaks Capital, which had bought it the same day from an affiliate of JK Moving Services President Charles Kuhn for $99M. Kuhn sold the property at five times the $20M price tag he paid for it in June 2018.
The 90-acre property is part of Arcola, a section of Loudoun County that sits north of Route 50 near the StoneSprings Hospital. Google also bought a 91-acre site in Arcola in 2017 to build data centers.
Amazon's data center arm leases at least 3M SF of data center shells in Northern Virginia, according to an investor filing from Corporate Office Properties Trust, the largest landlord of Amazon Web Services data centers.