TA Realty Completes Sale of Two Hyperscale Data Center Buildings in Northern Virginia
February 5, 2026
In a significant transaction underscoring the robust demand for digital infrastructure, real estate investment firm TA Realty has sold the first two completed buildings of a major hyperscale data center campus in Leesburg, Virginia. The deal highlights the continued investor appetite for stabilized, mission-critical assets in the world's premier data center market. TA Realty and its dedicated development arm, TA Digital Group (TADG), announced the sale this week. The transaction involves two fully leased hyperscale facilities totaling 745,000 square feet and offering 165 megawatts of IT load capacity. While the financial terms were not disclosed, the sale represents a key milestone for the developer's strategy of building and monetizing large-scale, build-to-suit projects for major cloud providers. The sold buildings are the first phase of a planned five-building, 450-megawatt campus in Loudoun County.
The entire 1.9-million-square-foot development, which began construction in 2023, is pre-leased to a single, unnamed global cloud provider and is scheduled for full completion in 2027. Allison O’Rourke, a partner at TA Realty, framed the sale as a validation of the firm's focused strategy. "It reflects our strategy of developing build-to-suit facilities for hyperscale customers in Tier 1 US markets and monetizing assets upon stabilization," O'Rourke commented. She emphasized that "Northern Virginia is the premier global data center market, and the completion and sale of these initial buildings demonstrates the strength of our development and execution capabilities." Tim Shaheen, partner at TA Realty and chief development officer at TADG, highlighted the complexities of executing at this scale.
"The scale of this campus enabled the delivery of two independent substations to support grid power, providing a level of redundancy and capacity that is increasingly difficult to achieve in core markets," Shaheen noted. The transaction is a bellwether for the hyperscale data center sector, demonstrating that large, purpose-built campuses for anchor tenants remain highly attractive to capital. TA Realty's broader data center platform now encompasses over 12 projects representing nearly 3 gigawatts of power capacity across key markets including Northern Virginia, Chicago, and Atlanta, with plans for further expansion.
Source: datacenterdynamics
