Iron Mountain has acquired land outside Richmond, Virginia, for a new data center campus.
Citing Henrico County property records, Richmond Bizsense reports Iron Mountain purchased 66 acres at 6110 Technology Creek Drive within the White Oak Technology Park for just over $8 million earlier this month. Henrico’s Economic Development Authority was the seller in the deal.
Henrico EDA director Anthony Romanello confirmed the sale to the publication but declined to comment further.
Iron Mountain revealed plans for a Richmond data center site earlier this month. During the company’s Q3 2024 earnings call, Iron Mountain CEO William Meaney said the company had acquired a development site in Richmond that could offer more than 200MW when fully built out.
The 66-acre site is along Elko Road beside the Bank of America data center on Technology Creek Drive, and close to LL Flooring’s 1 million-square-foot distribution center, which was recently sold to QTS for $104 million.
Meta and QTS are also present in the White Oak Technology Park. Developer Hourigan is currently working on a second White Oak Technology Park nearby, also set to be occupied by QTS.
Iron Mountain currently operates a 142-acre campus outside Manassas in Virginia’s Prince William County. Up to nine facilities totaling more than 2 million sq ft (185,805 sqm) and 280MW are planned on the site. Five are currently operational and two more are in development.
Update: Iron Mountain has since confirmed the land purchase. The land will support more than 200MW of capacity. Further details were not shared.
Mark Kidd, EVP & general manager, asset lifecycle Management and data centers, Iron Mountain, said: “The Commonwealth of Virginia has abundant infrastructure, a highly skilled workforce, strong fiber connectivity, and is a pro-business community - making it an ideal location to support our commitment to investing in high-growth markets that help drive our expansion strategy. As a leading data center provider, we're excited to offer further critical capacity to our retail and hyperscale customers where and when they need it most.”
