Corporate Office Properties Trust (COPT), a Real Estate Investment Trust (REIT), plans to construct two new data center facilities in Prince William County, Virginia. The Prince William Board of County Supervisors informed that COPT would build the data centers in the Data Center Opportunity Zone Overlay District in Innovation Park.
“We are delighted to help facilitate COPT’s expansion in Prince William County and one of the industry’s top markets in North America,” said Corey A. Stewart, Chairman, Prince William Board of County Supervisors. The construction of the first building has begun.
Prince William County has a significant share in the growth of the data center market in Northern Virginia. It has logged 34 data center projects amounting to $6.9 billion in capital investment. It has created 967 new jobs. The County’s Data Center Opportunity Zone Overlay District has over 10,000 acres supporting data centers. Also, it boasts of providing the lowest computer tax rates in the region. Prince William County has one of the densest concentration of fiber networks in the world, the federal government, commercial enterprise, and consumers.
Given these favorable factors, Prince William County is a natural choice for COPT to expand their data center facilities. “Prince William County is a good choice for COPT to expand because of the abundant availability of land, power and low latency fiber connectivity found within Innovation Park. The County is a good partner in supporting our service delivery to our customers,” said Steve Budorick, CEO, COPT.
With the addition of two new data centers, Prince William County will be more equipped to handle the increased cloud activity. “By providing a designated Data Center Opportunity Zone and positive business climate for high-caliber enterprise, the County provides an ideal environment that stimulates commercial growth which benefits businesses and residents alike,” said Jeanine Lawson, Brentsville District Supervisor, Prince William Board of County Supervisors.