Greysteel has arranged the sale of the Culpeper Technology Park, a 71-acre data center development site located at 15140 Keyser Road in Culpeper, Virginia.
Blue Owl Capital, through its portfolio company Stack Infrastructure, acquired the asset from RACM for $66.35 million. Greysteel Senior Director Zach Benlemlih represented RACM in the transaction. For Greysteel, the closing represents the firm’s seventh transaction in Culpeper, including representing the seller in its original acquisition of this property.
Culpeper Technology Park represents the most recent rezoning approved within the Culpeper Tech Zone, a purpose-built data center corridor designed to consolidate development around existing critical infrastructure. The 71-acre site carries by-right zoning for data center use, direct access to multiple fiber networks, and proximity to significant power capacity.
“The demand for entitled, power-proximate land in the Mid-Atlantic has only intensified as Northern Virginia supply tightens, and this transaction is a direct reflection of that,” said Zach Benlemlih, Senior Director, Greysteel.
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