Sansone Group, based in St. Louis, in partnership with Silver Spring-based Priseda, acquired a 214,000 SF Tier 4 data center located at 12401 Prosperity Dr. in White Oak/Silver Spring MD for $29 million, according to Biz Journals.
“This acquisition marks a pivotal moment for Sansone Group,” said Nick Sansone, principal at Sansone Group. “As we continue to scale our platform, further expanding into the data center space allows us to align with major macroeconomic trends and meet the needs of today’s most innovative users.”
Per the press release: The off-market acquisition represents a milestone in Sansone Group’s efforts to diversify its national investment portfolio and enter one of the most dynamic asset classes in commercial real estate. Sansone partnered with Priseda, a longstanding tenant of the property, to secure the opportunity.
Located within the high-demand Washington, DC metro area, the property offers a compelling alternative to the Northern Virginia data center market, according to Sansone Group. The Northern Virginia market currently reports sub-1% vacancy and rising demand from AI and hyperscale users.
Maryland-based Poverni Sheikh Group provided debt financing, sourced by JLL Capital Markets.
