The 6.7 million-square-foot mixed-used project at the southwest corner of Route 28 and Route 7 known as Kincora has landed global data center provider CyrusOne.
TRITEC Real Estate and Norton Scott LLC, the developers of Kincora, announced a deal with CyrusOne that’s expected to result in a $1 billion investment in the county. The 40-acre data center facility would be located along the 424-acre site’s southern border at Nokes Road and Route 28.
“CyrusOne adds to the economic vitality of Loudoun County,” said Dan Coughlan, Principal, TRITEC Real Estate.
The Virginia Transportation Infrastructure Bank (VTIB), which serves as the lender for Kincora, is financing the Pacific Boulevard extension. The CyrusOne purchase allows Kincora to pay $8 million toward that road. The Gloucester Parkway extension now underway should be complete by the end of the year, connecting Ashburn directly to Nokes Boulevard and the Dulles Town Center.
Kincora is planned as a mixed-use community with Class A office space and retail space, three hotels, a cultural and science center and 1,400 homes.