Leveraging Data Centers to Help Strengthen Our Area Economy

Watching the data center marketplace explode here in Northern Virginia has been stunning. Access to data has become an integral part of our personal and professional lives over the last several years. During the pandemic, we all witnessed how important technologies supported by the cloud became, particularly those like video conferencing, which allowed for a remote workforce and helped to keep sectors of the economy moving. Looking forward, the demand for cutting edge technologies, like artificial intelligence (AI) and 5G, will continue to fuel the economy. Given the vital role that data centers play to support local businesses and our community, it’s been exciting to be a part of this growth, which is expected to increase by nearly 14% in 2021 in Virginia, according to a recent study conducted by CBRE.

JK Land Holdings LLC, which is owned by my wife, Stacy, myself and our family, is thrilled to take the next step in supporting this technology and data center growth by partnering with Yondr Group, a leading owner operator and service provider of hyperscale data centers, on the acquisition of 270 acres in Loudoun and Prince William Counties with the intent use the property to provide 500MW of critical IT capacity for data centers. 

Since creating jobs is paramount to strengthening our local economy, these land acquisitions and the accompanying data centers will help to do just that -- as will the other enterprises we’re involved in, including Sterling-based JK Moving Services and its sister company CapRelo. In addition, we are able to balance these strategic land acquisitions with preserving and conserving vulnerable habitats.