Chicago-based Harrison Street Asset Management (HSAM) announced the execution of two long-term hyperscale pre-leases at its PowerHouse Arcola campus in Loudoun County, Virginia.
The leases represent a major milestone for HSAM’s digital investment platform, which has now executed more than 4 million square feet of hyperscale leasing across 18 leases and 8 campuses. PowerHouse Arcola sits in close proximity to dense fiber networks, robust utility infrastructure, and major interconnection hubs. The 37-acre campus is planned to feature two two-story data center buildings totaling approximately 615,000 square feet and is designed to support up to 120 megawatts of utility capacity.
“PowerHouse Arcola underscores the continued expansion of our digital investment platform across highly supply-constrained data center markets globally,” said Michael Borchetta, Co-Head of the North America Transactions Group at Harrison Street Asset Management. Since 2018, HSAM’s digital investment platform has committed over $6.5 billion to powered shells, carrier hotels, colocation sites and dark fiber platforms. HSAM also recently announced the launch of the Harrison Street Infrastructure Active ETF (NFRX), the firm’s first ETF.
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