June 22, 2011 – (Ashburn, VA) Seattle-based Sabey Data Center Properties, in which National's Commingled Real Estate Investment Fund has a very significant interest, announced today that it plans to build a 490,000 square foot data center campus on 38 acres of raw land it has acquired in the heart of Northern Virginia’s data center corridor. Sabey, one of the largest privately held data center owner, operator and developers in the United States, will commence construction of Intergate.Ashburn in late summer 2011. Sabey will bring its in-house construction entity, Sabey Construction, Inc (SCI) to act as general contractor for the project. Leasing is currently underway.
Located a short distance from Dulles International Airport, Intergate.Ashburn will significantly expand Sabey’s national data center footprint and provide direct proximity to all network exchanges in the region.
The campus’s three buildings will offer Sabey’s turnkey and powered shell data center products in both multi and single-tenant layouts. The site will be served with over 70 megawatts of power, accommodating tenants with varying design challenges and power requirements.
The campus is similar in design to that of Intergate.Quincy, a 520,000 square foot campus currently under construction in Central Washington state. The fundamental design was perfected while developing the well-received Intergate.Columbia, also in Central Washington state. Intergate.Columbia’s 438,000 square feet were completed by SCI in December 2008 after only nine months of construction. The project is fully leased to four investment grade tenants.
Sabey recently announced the purchase of 375 Pearl Street, an approximately one million square foot, 40 megawatt data center project in New York City that will open in 2012 as Intergate.Manhattan. John Sabey, President of Sabey Data Center Properties said, “Ashburn is another critical node in the array of data centers that Sabey is assembling to serve its customer base. With campuses in the New York City and Washington DC metro areas, we are significantly enhancing our strategic presence and capacity as a national provider of data centers.”
He added, “We are excited to expand into one of the most dynamic data center areas in the world. Ashburn is a prime location that delivers the important qualities our clients seek.”
Located within the Dulles Technology Corridor, the Ashburn area is a magnet for high tech businesses and data center providers supporting both commercial and government enterprises. Northern Virginia is recognized as the second largest data center market on the East Coast after the New York metro market, and is home to more than three million square feet of data center facilities. Sabey expects to attract tenants from the government, social media and health care sectors, as well as content and cloud service providers.
About Sabey Data Center Properties
With a portfolio of more than three million square feet of mission critical space, Sabey Data Center Properties is one of the oldest and largest privately owned data center developers and operators in the U.S.. Sabey specializes in scalable, custom-built solutions including data center ready shell space and fully turnkey data centers managed by Sabey’s award-winning critical environment staff. Consistently recognized for its reputation for operational excellence through its world-class data centers and sustained uptime, Sabey properties have one of the most important tenant rosters in the industry.
About Sabey Construction, Inc. (SCI)
In SCI’s forty year history, it has completed over 30 million square feet of commercial construction for the leading innovators of the day, such as Boeing and Microsoft, in addition to all of Sabey’s mission critical space. Together with Sabey Data Center Properties, SCI enables efficient speed to market through build to suit construction services which aim to deliver deep operational cost-savings throughout the lifetime of an asset.www.sabeydatacenters.com
Specializing in real estate investments on behalf of large institutional investors, National Real Estate Advisors, LLC (National) manages more than $1 billion of client capital. To learn more about National, please visit our website at www.natadvisors.com