Peterson Cos. closes $302M data center land deal

WASHINGTON BUSINESS JOURNAL – The Peterson Cos. recently sold a 504-acre site entitled for data centers in Stafford County for north of $300 million, reflecting how booming data center demand is spilling beyond Northern Virginia’s established markets.

Fairfax-based Peterson won rezoning approval from local lawmakers in September, paving the way for a hyperscale facility at the Stafford Technology Campus, a huge vacant assemblage just off Interstate 95, opposite the Stafford Regional Airport. Stack Infrastructure, a Denver-based data center developer and operator, bought the site for $302.3 million on Jan. 9, with plans to build 19 data centers drawing 1.8 gigawatts.

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