ASHBURN, Va. – GI Partners, a prominent private alternatives investment firm, has secured a significant lease agreement with DataBank. This lease will cover the entirety of a new two-story data center currently under construction by GI Partners, with completion anticipated in the second quarter of 2025.
This new facility is part of GI Partners’ campus on Red Rum Drive in Ashburn, VA, where the firm already owns two data centers, both of which are leased to DataBank. Alongside the construction of this new center, GI Partners has enhanced the site with an additional 29 MW of power.
GI Partners has extensive experience in the Northern Virginia data center market, the largest of its kind in the United States. The firm currently owns six data center assets in the region, totaling over 1 million square feet.
“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,” said 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.”
