Overview
- Amazon Data Services acquired about 189 acres, roughly 70% of the 270-acre Devlin Technology Park in Prince William County, with the remainder designated as open space.
- The site is entitled for up to 3.5 million square feet of data center development and as many as three electrical substations.
- The $700 million price works out to about $3.7 million per acre and is reported as the highest paid for undeveloped land in Virginia.
- Entitlement conditions include an 81-foot building height cap, a minimum 500-foot setback from homes, noise limits, and landscape buffers.
- Stanley Martin assembled the site for about $51 million with Eastdil Secured advising the transaction, and the companies did not immediately comment as Amazon continues a multiyear buildout in Virginia.