TA Realty Acquires Data Center-Zoned Land in Sterling, Virginia for $60 Million

TA Realty, through its data center development arm, has purchased a 9.82-acre land parcel in Sterling, Virginia, marking another significant land acquisition in the increasingly constrained Northern Virginia data center market. The deal underscores the intense competition for fully entitled development sites in one of the world’s largest data center hubs.

The off-market transaction closed on June 8, with TA Realty paying $60 million to JK Land Holdings, the land acquisition firm led by Chuck Kuhn. The price equates to approximately $6.1 million per acre for the site located at 45564 Thayer Road, just south of Dulles Town Center. The property has already received approval for a two-story data center building, making it a rare fully entitled asset in Loudoun County.

According to Kuhn, TA Digital Group—the hyperscale data center development arm of TA Realty—approached JK Land Holdings with an unsolicited offer, prompting the sale. “This is becoming the market value for fully entitled, site plan-approved data center ground in the area,” Kuhn said, confirming that TA Realty intends to develop a data center on the site. TA Realty declined to comment on the acquisition.

The land was zoned for by-right data center development at the time JK Land Holdings acquired it, but such sites are becoming increasingly scarce since Loudoun County removed data centers as a by-right use. The area already hosts major data center operators including CyrusOne, Csquare, EdgeCore, COPT Defense Properties, and Amazon, all with facilities in operation or under development nearby. JK Land Holdings remains a dominant player in Loudoun County, with multiple data center projects at various stages of development across the county.

TA Realty, a North American real estate investment firm backed by Mitsubishi Estate, launched its dedicated hyperscale data center development arm last year. The platform now encompasses more than 12 projects owned or controlled across its investment vehicles, representing nearly 3GW of total power capacity. On its website, TA Digital lists five projects across Virginia, comprising 13 buildings and 1.13GW of capacity, though few additional details have been disclosed. Beyond Northern Virginia, the platform includes assets in Chicago and Atlanta, with plans for further geographic expansion.