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A Washington, D.C.-area data center outside of Virginia’s Data Center Alley has traded hands, and the new owner is planning to increase its output.
St. Louis-based developer Sansone Group and data center company Priseda acquired the 214K SF data center at 12401 Prosperity Drive in an off-market sale, the groups announced this week. Priseda is a tenant at the property.
The price was $28.8M, according to a deed posted in Maryland property records.
The new owners are planning upgrades, including expanding the power capacity to 100 megawatts.
“This acquisition marks a pivotal moment for Sansone Group,” principal Nick Sansone said in the release. “As we continue to scale our platform, further expanding into the data center space allows us to align with major macroeconomic trends and meet the needs of today’s most innovative users.”
Principal Asset Management, the apparent seller, purchased the data center in 2019 for $19.5M, according to property records, which indicated the building’s assessed value was $33.8M.
