Attractiveness of data centers remains high as demand for cloud-based storage continues to grow. Last month The Meridian Group sold a 280,000 square foot technology campus in Vienna, VA to joint venture of Northern Virginia based Legacy Investing and data center operator Central Colo. The campus, known as the Tysons Technology Center, is comprised of a 199,500 square foot office and data center building and a 79,890 square foot office building. The transaction was brokered by Cushman & Wakefield’s Eric Berkman and Bill Collins, and JM Zell’s Jeff Zell, Jason Zell and Louis Kluger.

Source: Datacenterdynamics.com; Bisnow.com

ABOUT DAVID BRODSKY

David Brodsky is a real estate attorney in the firm’s Washington, D.C. office. He has extensive experience with legal aspects of commercial leasing of office, retail and industrial space, as well as the acquisition and disposition of industrial, multi-family and commercial properties. His real estate experience includes: (i) drafting, negotiating and reviewing a vast array of real estate transactional documents, including commercial and retail leases, purchase and sale agreements, easements, deeds of trust, subordination agreements and indemnity agreements; (ii) representing commercial clients in connection with real estate disputes; and (iii) managing commercial development/finance due diligence.