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Corporate Office Properties Trust is building two data centers in Northern Virginia

December 04, 2018 / Max Smolaks

US-based Corporate Office Properties Trust (COPT) is planning to build two data centers in Prince William County, Northern Virginia. Both sites will be located in Innovation Park – a site designated as the Data Center Opportunity Zone Overlay District, offering 10,000 acres of land for digital infrastructure projects. The district offers generous tax exemptions – according to a 2016 presentation, Prince William County has the lowest effective tax on computer equipment in Northern Virginia – and power rates that are around 40 percent cheaper than the US average. Construction of the first facility has already begun. Park Life COPT is a Real Estate Investment Trust (REIT) that specializes in office and data center properties for the US government and its contractors. Its latest crop of projects will be located in Northern Virginia – the largest regional data center market in the world. This part of the Commonwealth benefits from transatlantic cable links, low taxes...