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GI Partners acquires Cloud Plaza data centre in Virginia

Image: Adobe Stock / Evgen3d

Private investment firm GI Partners has acquired the 22262 Cloud Plaza data centre in Sterling, VA from Sentinel Data Centers.

Cloud Plaza was fully commissioned in 2019, comprising 238,000 sqft of space and providing over 46 MW of critical power.

Sentinel will retain a minority stake in ownership of the facility, which is currently leased by a ‘global technology firm’, according to GI Partners.

John Sheputis, Managing Director at GI Partners and Head of Acquisitions for GI Partners Real Estate, said, “We are excited and proud to own one of the most densely networked data centres in Northern Virginia, the nexus of the world’s internet traffic. We are seeing increased net absorption for data centre capacity broadly, and users placing premium value on locating at network-differentiated assets like Cloud Plaza. We believe that the addition of this fortress-like asset to our data centre portfolio will reduce our overall risk while providing accretive returns over the long-term.”

 “The GI Partners Real Estate team has been great to work with and a real class act,” said Josh Rabina, Co-CEO of Sentinel Data Centers. “We are thrilled to be investing alongside GI Partners and continuing our involvement with this amazing asset.”

CBRE Data Center Capital Markets represented the seller on this transaction.

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