Data Center Developer Buys Ashburn Office Park for 4 Times Assessed Value

Cologix says it plans to build a “state-of-the-art interconnection hub” on the property.

A data center developer has purchased an Ashburn industrial office park for $375 million. The sale amount is four times the property’s assessed value, Washington Business Journal reported.

Cologix purchased the Beaumeade Corporate Park from an affiliate of Merritt Properties. The acquisition included a $317 million purchase for several lots on Guilford Dr. that encompass about 34 acres. In a separate transaction, Cologix paid $58 million for about 6 acres at 44620 Guilford Dr…

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