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

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.