Northern Virginia keeps getting great news – this time it’s for Prince William County.
A division of the Maryland-based Corporate Office Properties Trust (COPT), a real estate investment trust (REIT) specializing in offering office and data center properties for U.S. government and its contractors, plans to build two data centers at Innovation Park. COPT is also expected to develop several data centers in Sterling for Amazon Web Services. The first building has already begun construction at Innovation Park and is slated for completion in July 2019.
The details of the projects, including the name of the anchor tenant affiliated with COPT, have not been revealed but promises to bring added tax revenue and employment to the county.
Northern Virginia dominates as the largest data center market (over 30%) in North America and boasts transatlantic cable links, low computer taxes, cheap power and close proximity to Washington, D.C. Loudoun County leads the region with more than 75 centers and 10 million feet of white space either operational or under development. Prince William has 34 data center projects and over 3 million square feet of white space.
Innovation Park is a 1500 acre corporate research park located off Prince William Parkway in Manassas and anchored to George Mason University’s Science and Technology Campus. The park’s tenants include government and commercial businesses working in the areas of IT, bio sciences, research and development.