It has been announced today that PowerHouse Data Centers ("Powerhouse"), the developer and owner of next-generation data centers, is now the owner of 145 acres in Spotsylvania, Virginia to serve as the site of the PowerHouse 95 data center campus owned by American Real Estate Partners (AREP).. The sale of this property marks the second of two recent transactions for PowerHouse's joint venture with Harrison Street, following the announcement that the PowerHouse Reno site had been sold. Along with the closing of PH 95 and PH Reno, PowerHouse also has four development projects in northern Virginia underway, to the tune of more than 700 megawatts.       
       
PowerHouse Data Centers announces the completion of the purchase of 145 acres in Spotsylvania, VA, which will be the home of PowerHouse 95.
The Powerhouse 95 will serve the data-intensive needs of hyperscale customers in northern Virginia, which is the world's largest data center market at the moment. Powerhouse 95, located along the I-95 corridor and with two existing substations providing immediate access to power, is expected to offer a competitive advantage by accelerating Powerhouse's ability to meet the increasing data demands of customers in the region as a result of the power constraints that are impacting the region..The site will appeal to hyperscale users who are looking for well-located developments that have access to power and good fiber connectivity, according to Doug Fleit, co-founder and CEO of AREP and PowerHouse.. In my opinion, this is the 'speed to market' that hyperscale users are requiring today, as well as the option of low latency data transport to their campuses and peering sites in Ashburn."."    
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There is no doubt that Powerhouse 95 will serve the data-intensive needs of hyperscale users in northern Virginia, which is currently the world's largest market for data centers. Powerhouse 95 - which is located along the I-95 corridor and has two existing substations that can provide immediate access to electricity - is expected to offer Powerhouse a competitive advantage by accelerating Powerhouse's ability to address customers' increasing data demands in the region due to power constraints impacting the region at large..The site is expected to attract hyperscale users looking for well located developments with easy access to power and good fiber connectivity, according to Doug Fleit, co-founder and CEO of AREP and PowerHouse.. This provides low latency data transport options back to their Ashburn campuses as well as peering sites in Ashburn which gives them the 'speed to market' that hyperscale users are demanding today.."    
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It is expected that PowerHouse 95 will feature three 300 MW substations, of which the first will be completed by October 2025 and will be capable of providing 150 MW. As a result of the first substation being completed, eight or more high-density data centers will be able to be built with the power it provides. In order to maximize the optionity for hyperscale tenants, Harrison Street and PowerHouse will be able to build four to eight powered shells and two additional substations that will maximize their flexibility.
Michael Hochanadel, Managing Director and Head of Digital at Harrison Street, says, "PowerHouse 95 is located at the epicenter of one of the fastest growing data center markets in northern Virginia," he continues.. We are excited to announce this partnership between Harrison Street and PowerHouse. This is yet another example of Harrison Street and PowerHouse working together to identify high-quality solutions for the hyperscale community.. In our ongoing partnership with PowerHouse, we continue to accelerate the development of highly sought after data centers that address the increasing demand driven by advances in high-powered computing, artificial intelligence, and other technologies that enhance the user experience. Our team is looking forward to expanding the Powerhouse platform both in northern Virginia and across key regions in the United States for the foreseeable future.Our goal is to provide our customers with the best and fastest solutions possible."                
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PowerHouse Data Centers offers turnkey site selection, powered shell, and build-to-suit data center solutions for hyperscalers, data center operators, and multinational companies. We invite you to visit our website www.powerhousedata.com in order to learn more about the PowerHouse 95 project and our markets.
PowerHouse Data Centers, a fully owned and operated subsidiary of American Real Estate Partners (AREP), is a global developer and owner of next-generation data centers, as well as a provider of technical real estate solutions to hyperscalers across the country.. Having originated in the heart of the world's largest data center market, Northern Virginia, before strategically expanding to key markets across the country, PowerHouse Data Centers owns its own property and has fast-track approvals and zoning approvals in place for each site.. A disruptor in the field, PowerHouse Data Centers offers some of the most flexible next-generation data center models with the fastest speed to market of any data center, while meeting the growing market, data, utility, and space requirements of hyperscalers. In addition to offering a full range of development services, the company is committed to building 27 data centers with a total footprint of over 9 million square feet. PowerHouse Data Centers, a subsidiary of AREP, leverages their proven leadership and technical expertise, along with strategic joint ventures, to establish themselves as a national leader in the development of world-class data centers across the country.. Visit the following website for more information:.Datahouse Powerhouse.Visit our website and follow us on LinkedIn, YouTube, and Xing
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A little bit about Harrison StreetHarrison Street is one of the premier investment management firms specializing exclusively in alternative real estate investments. Founded in 2005, the firm has created a series of differentiated investment solutions that are tailored to fit the needs of demographically based investors. In addition to investment in senior housing, student housing, healthcare delivery, life sciences, and storage facilities, the firm has also invested in social infrastructure and utility infrastructure.. Based in Chicago and London with offices throughout North America, Europe and Asia, the firm has over 280 employees and manages approximately $56 billion in assets under management, with offices located throughout North America, Europe and Asia.. (AUM is the total of the assets under management ("AUM") for the investment advisory and asset management clients of the Firm, and also includes the Firm's regulatory AUM as is reported on its Form ADV to the SEC..There are a number of institutional investors domiciled throughout the world who are clients of the firm, including clients based in North America, Europe, the Middle East, Asia and Latin America. Harrison Street has been awarded Best Places to Work by Pensions & Investments for nine consecutive years (2014-2020, 2022, 2023) and has won numerous awards from PERE, including five awards for the 2022 Awards: Alternatives Investor of the Year - Global, Industry Figure of the Year - Global, Residential Investor of the Year - Global, Data Centers Investor of the Year - Global, as well as Residential Investor of the Year - North America.. If you would like more information, please visit the following website:.The Harrisonist.Visit https://www.com/
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POWERHOUSE DATA CENTERS - SOURCE
A fully owned subsidiary of American Real Estate Partners (AREP), PowerHouse Data Centers is a developer and owner of next-generation data centers and colocation facilities...
An American Real Estate Partners company, PowerHouse Data Centers is a leading real estate company and a division of American Real Estate Partners that provides next-generation hyperscale data centers...

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