Construction of data centers is a familiar site in NoVA, and local headlines have been dominated recently by reports of land sold to data center developers at record prices. These sales are turning heads.
Local businessman Chuck Kuhn’s JK Land Holdings sold a 97-acre parcel of Leesburg land for $615 million; that’s a record $6 million per acre. It’s located at Twin Creeks on the south side of Cochran Mill Road, north of the Washington & Old Dominion Trail.
Amazon Data Services purchased about 70 percent of a 270-acre site in Bristow for a record $700 million (roughly $3.7 million per acre). The site is near Devlin Road south of I-66.
Merrifield Garden Center sold its 38-acre Gainesville property to data center developer Black Chamber Partners, LLC, for $160 million. Located at 6895 Wellington Rd., the land sits within Prince William County’s data center opportunity zone overlay district, which allows data centers to be built by right.
Late last year, real estate development and investment group Penzance broke ground on a 240,000-square-foot data center in Chantilly at 4151 Auto Park Cir. Penzance received $100 million in construction financing from QuadReal to complete the project. The data center is expected to open in the first half of 2027.
Feature rendering courtesy Penzance
