Sales Deals of the Week: Amazon Acquires Data Center Space in Virginia
The top five sales across the country from May 20 to May 24
By The Editors May 24, 2024 6:00 am
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Amazon (AMZN) is bringing more data centers online in Virginia after dropping $218 million for 91 acres of land in Manassas, which is already approved for tech use. It’s another big investment for the e-commerce giant in the town where it already purchased 140 acres for data centers for $152 million in January. While these are massive investments, they’re still just a small dent in its plans to spend $35 billion in the state by 2040.
| Amount | Address | Buyer | Seller | Brokers | Asset |
|---|---|---|---|---|---|
| $705 million | Arizona Biltmore; Phoenix | Henderson Park and Pyramid Global Hospitality | Blackstone Real Estate | Eastdil Secured and Jones Day | Hospitality |
| $218 million | 14237 and 14209 Dumfries Road; Manassas, Va. | Amazon | Mike Garcia Construction | N/A | Land |
| $171.4 million | 55 Suffolk Street; Manhattan | Blackstone | Goldman Sachs | N/A | Multifamily |
| $139.7 million | 5205 Congress Avenue; Boca Raton, Fla. | Ares Management | Mainstreet Capital Partners | N/A | Multifamily |
| $94.2 million | 1911 East Rosslynn Avenue; Fullerton, Calif. | Rexford Industrial Realty | American Realty Advisors | N/A | Industrial |
Sales Deals of the Week reflect deals closed or announced from May 20 to May 24. Information on sales can be sent to editorial@commercialobserver.com.
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