The American Real Estate Partners (AREP) owned next-generation data center developer PowerHouse announced on Jan. 23 that it has completed the purchase of 145 acres in Spotsylvania, Va., which will serve as the site of the new PowerHouse 95 (PH95) data center campus.
This purchase is the second recent transaction in PowerHouse's joint venture with investment management firm Harrison Street and follows the acquisition of a site in Reno, Nev. PowerHouse also has four developments, totaling over 700 MW, underway in northern Virginia.
PH95 will have three 300 MW substations and serve the data needs of hyperscale users in northern Virginia. PowerHouse reports that the first substation, slated to be online by Oct. 2024, will provide enough power to construct eight high-density data centers.
Doug Fleit, co-founder and CEO of AREP and PowerHouse, said in a press release, "The site will appeal to hyperscale users that seek well-located developments with access to power and good fiber connectivity. This is the 'speed to market' that hyperscale users are demanding today and which provides low latency data transport options back to their campuses and peering sites in Ashburn."
Michael Hochanadel, Harrison Street's managing director and head of digital, said in the same press release, "PowerHouse 95 is located at the epicenter of one of the fastest growing data center markets in northern Virginia. This is yet another impressive venture between Harrison Street and PowerHouse and demonstrates our collective ability to identify high-quality solutions for the hyperscale community. Our ongoing partnership with PowerHouse continues to accelerate the development of highly sought-after data centers that address increasing demand driven by high-powered computing, AI, and other advancements. We look forward to further expanding the Powerhouse platform in both northern Virginia and across key regions in the U.S. to deliver the best and fastest solutions to customers."
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