Ares Pays $700M for Two Data Center Sites in Northern Virginia

Ares Management Corporation completed two significant data center transactions in the U.S. by Ares Real Assets funds.

Ares did not disclose acquisition prices, but Bloomberg reported the company paid a combined $700 million for the two sites. Ares secured a 314-acre site along I-95 South in Northern Virginia’s Spotsylvania County, which will include two data center buildings with a total capacity of 200 megawatts.

Separately, an Ares Real Estate fund has acquired two 2025-vintage hyperscale data centers located in Leesburg, Virginia. Totaling 745,000 square feet and 165 MW of IT load capacity, the data centers are fully leased under 15-year triple-net agreements.

“We are excited to further expand our digital infrastructure presence in the U.S. through these recent acquisitions in one of the world’s largest data center markets,” said Michael Steele, Head of Ares Digital Infrastructure. “These acquisitions leverage our differentiated platform capabilities as we aim to deliver near-term capacity to our customers, value to local communities and opportunities to our investors.”

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