Data center developer Digital Realty Trust is poised to acquire approximately 424 acres from the Metropolitan Washington Airports Authority after signing a Letter of Intent to purchase the Dulles Airport's Western Lands for $236.5 million.
The next step is approval of the sale by the MWAA Strategic Development Committee and the Board of Directors at a Sept. 18 meeting, according to the authority’s upcoming agenda.
Plans to acquire the airport's Western Lands property moved forward in July after terms of purchase were executed by the airports authority and a $5 million deposit was made by Digital Realty.
CBRE Inc. brokerage announced to the public the land was available in December and sought best offers by April.
Several companies made proposals, according to MWAA, including Loudoun-based JK Moving.
The airports authority acquired several parcels of land west of Dulles International Airport from 2005-2007, totaling approximately 854 acres to accommodate a fourth runway and additional support facilities, according the board’s agenda item.
The runway and the anticipated support area encompass approximately 414 acres, and the majority of the remaining acreage has remained undeveloped and underutilized.
The deal is expected to close between Sept. 28 and Oct. 12.
Global firm Digital Realty works with more than 2,300 firms across the world, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, health care, and consumer products.
“Returning the Western Lands to the county tax rolls will have a positive impact for the taxpayers of Loudoun in the way of schools, roads, public safety and other services,” Loudoun County Economic Development Director Buddy Rizer said in a statement provided to the Times-Mirror. “Digital Realty is one of the world's top technology developers, with millions of square feet of development already in operation in Loudoun. With this purchase, Digital Realty has made a major commitment to the future of tech in Loudoun and Data Center Alley.”