GI Partners, L.P.
Update
07/26/24
GI Partners Signs Major Powered Shell Lease with DataBank for New Data Center in Ashburn, Virginia
GI Partners, a leading private alternatives investment firm, has announced the execution of a large lease with DataBank. The lease will encompass the entirety of a new two-story data center GI Partners is currently constructing, with delivery expected in Q2 2025.
The building is being constructed on GI's existing campus on Red Rum Drive in Ashburn, VA where GI owns two existing data center buildings, both already leased to DataBank. In conjunction with construction, GI Partners added an additional 29 MW of power to the site.
GI Partners has longstanding familiarity with the Northern Virginia data center market, the largest in the country. Today, the firm owns six data center assets in Northern Virginia totaling over 1M sf.
"Ashburn and Loudoun County as a whole is the largest and most active data center hub in the world and this project represents another example of GI's extensive value creation capabilities in data centers," notes Tony Lin, Managing Director of GI Partners. "GI has a proven track record in strategically adding value to existing and newly acquired data center assets and this project adds to that long list."