Business & Tech
Data Center Developer Buys 2 Tysons Office Properties: Reports
A company specializing in redeveloping properties for data centers recently purchased two office buildings in Tysons, reports say.
TYSONS, VA — In mid-September, Serverfarm, a subsidiary of Manulife Investment Management, paid $37 million for 7990 Quantum Drive and $13 million for 7980 Quantum Drive in Tysons, according to the Washington Business Journal.
In addition to the two 1970s-era office buildings, the deal includes an adjacent parking garage and Quantum Field.
Serverfarm purchased the properties from Arlington’s Legacy Investing and Element Critical, formerly known as CentralColo, which paid previous owner Tysons Technology Center $97 million in 2017 for the property, according to WBJ's reporting.
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As to whether Serverfarm plans to turn the two properties into data centers, WBJ managing editor Michael Neibauer writes that the 200,000-square-foot building located at 7990 Quantum already includes 70,000 square feet of data center space. The second property, 7980 Quantum, would require a special exception to the county's zoning ordinance because it's less than 200 feet from the Reserve at Tysons Corner, a multifamily residential development.
Read the Washington Business Journal's full report.
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