A joint venture between Harrison Street and PowerHouse Data Centers announced the sale of ABX-1, a 265,580-square-foot powered shell data center with 60 MW of power, located in Ashburn, Virginia.

The sale marks the successful completion of the joint venture’s first development together. Launched in January 2022, the PowerHouse and Harrison Street joint venture partnership has committed $3.2 billion to develop powered shell data centers representing nearly 6 million square feet of data center space in Northern Virginia, Dallas and Reno. ABX-1 was fully leased to global data center solutions provider CyrusOne ahead of the data center’s final completion in October 2023.

“This project reflects the strength of the Northern Virginia data center market, which has been the nation’s fastest-growing data center market for the past five years,” said Michael Hochanadel, Managing Director and Head of Digital Assets for Harrison Street. “We look forward to continuing this partnership and expanding our portfolio across Northern Virginia and other strategic U.S. markets where robust digital infrastructure is in high demand.”