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Laura Ortman Of Cologix Acquires Industrial Asset From Merritt Properties For $375M In Ashburn VA

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SOLD
$375,000,000

Virginia

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Industrial945,826 SF
Sold 02/26/2026
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SOLD

Laura Ortman Of Cologix Acquires Industrial Asset From Merritt Properties For $375M In Ashburn VA

44590 Guilford Drive & 44621 Guilford Drive

See Similar Deals
Industrial945,826 SF
Sold 02/26/2026
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$396
Total Square Footage:945,826 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 44590 Guilford Drive & 44621 Guilford Drive in Ashburn, VA. This industrial asset was sold for $375,000,000, comprising a total square footage of 472,913. The price per square foot is $793.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $375,000,000
  • Buyer: Laura Ortman
  • Buyer Company: Cologix
  • Seller: Merritt Properties
  • Square Footage: 472,913
  • Price Per Square Foot: $793
  • Market: Ashburn, VA

Cologix, represented by Laura Ortman, has acquired nearly 40 acres in Virginia's Data Center Alley, encompassing seven buildings from Merritt Properties. The acquisition aims to establish an AI-focused interconnection hub, which is designed to initially support 85MW of power capacity and has plans to expand beyond 300MW to meet the needs of hyperscalers, cloud providers, and enterprise networks.

Players

Laura Ortman
Cologix
Laura Ortman
1 deal$375M volume
BUYER
Merritt Properties
Merritt Properties
SELLER

Details

SOLD
IMAGE: 02/26/2026 ADDRESS: 44590 Guilford Drive & 44621 Guilford Drive MARKET: Ashburn, VA ASSET TYPE: Industrial BUYER: Laura Ortman - Cologix SELLER: Merritt Properties SALE PRICE: $375,000,000 SF: 472,913 ~ PPSF: $793 NOTE: Cologix agreed to pay $375M for nearly 40 acres in Virginia’s Data Center Alley, acquiring seven buildings from Merritt Properties to build an AI-focused interconnection hub. The project is slated to launch with 85MW of power capacity and scale beyond 300MW to serve hyperscalers, cloud providers, and enterprise networks.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$19,999,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,332,295.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,777,691.32
Annual Debt Service$21,332,295.79