Saturday, November 28

Strategic Information Heart Buys Facility in Northern Virginia for $8.25M

Strategic Information Heart, an funding supervisor and capital spouse all in favour of obtaining, creating and managing knowledge middle actual property property, has got a colocation knowledge middle assets – Reston Information Heart in Northern Virginia – for about $8.25 million.

The tier III knowledge middle contains 21,100 rentable sq. ft and is situated in probably the most biggest and maximum distinguished knowledge middle markets on this planet. The development is 100% leased to a knowledge middle carrier supplier that has “over 100 years of collective revel in within the knowledge middle and IT panorama.”

Bryan Marsh
“The purchase of the Reston Information Heart highlights our staff’s talent to supply long-term, strong money flows on this dynamic sector as we strategically enlarge our footprint and extra diversify our portfolio of knowledge middle property,” stated Bryan Marsh, Leader Government Officer (CEO) of Strategic Information Heart.

The information middle delivers colocation services and products to the tenant’s present consumer base. With over 10 years of hire time period final and three.0% annual hire escalators, the tenant makes use of the Reston Information Heart for its Web infrastructure operations.

“The purchase of the Reston Information Heart highlights our staff’s talent to supply long-term, strong money flows on this dynamic sector as we strategically enlarge our footprint and extra diversify our portfolio of knowledge middle property,” stated Bryan Marsh, Leader Government Officer (CEO) of Strategic Information Heart, and previous Vice President at Virtual Realty. “The Northern Virginia marketplace provides a number of advantages to knowledge middle operators and this area is essential to our nation’s virtual infrastructure.”

Monetary Commitments of Up To $200M

Reston Information Heart is a extremely secured facility with redundant designs to verify 100% uptime. It might meet the high-density computing necessities of presidency companies and main employers within the Japanese United States. The valuables has been constantly up to date and maintained over time with renovations and upgrades made in 2008, 2015 and 2019. The ability additionally boasts in a position get entry to to wealthy fiber connectivity given its preferrred location within the middle of Fairfax County.

Strategic Information Heart is the information middle actual property department of different funding sponsor Strategic Capital Fund Control. Previous this month it secured a revolving line of credit score that converts into an everlasting mortgage from Sunflower Financial institution, a regional financial institution with $four billion in property. The credit score facility will to start with give you the talent to borrow as much as $25 million. Over the years, and matter to sure prerequisites, Strategic Information Heart anticipates expanding the dimensions of the ability to overall commitments of as much as up to $200 million.