Five 9s Digital Advises On Sale Of Northern VA Data Center Portfolio
Northern Virginia Data Centers Trade Hands
Five 9s Digital provided advisory services on behalf of a data center REIT in the acquisition of a data center portfolio in the Northern Virgina (NOVA) submarket. The fully leased data centers serve as critical operations to Level 3 Communications and Winstream Communications with a total size of 131,000 square feet. The facilities are located on Old Meadow Road in McLean Virginia.
The NOVA data center market is the hottest market in the US and home to over 11 million square feet of data center space and over 770 MW of total inventory. Experiencing unprecedented growth over the past two years, the Northern Virgina data center market has witnessed over 120 MW of year-to-date absorption in 2016.