Harrison Street, PowerHouse Data Centers (PowerHouse) and American Real Estate Partners (AREP) announced the sale of ABX-1, a 265,580 SF powered shell data center with 60 MW of power, located in Ashburn, Virginia. "This project reflects the strength of the Northern Virginia data center market, which has been the nation's fastest-growing data center market for the past five years,” said Michael Hochanadel, Managing Director and Head of Digital Assets for Harrison Street. “Since forming our joint venture with PowerHouse in 2021, we've successfully executed our strategy of developing flexible powered shell facilities in Northern Virginia that meet the exacting specifications of leading cloud providers and colocation users. We look forward to continuing this partnership and expanding our portfolio across Northern Virginia and other strategic U.S. markets where robust digital infrastructure is in high demand." Since 2018, Harrison Street has committed over $5.4 billion to powered shells, carrier hotels, colocation sites and dark fiber platforms. Over this time, the firm has expanded its relationships with dedicated operating partners and hyperscale users. The sale of ABX-1 continues to demonstrate the growing investor demand across alternative real estate sectors. Read the full announcement here: https://lnkd.in/euWGC_zX #HarrisonStreet #AlternativeRealAssets #Digital #DataCenters
Congratulations!
Congrats Mike!
Congrats! Great Outcome!