Iron Mountain Offers More Details on Its $441M Data Center in Northern Virginia

Manassas Corporate Center, where another data center is being developed.

MANASSAS, VA–Earlier this year Boston-based Iron Mountain, a document storage and data center REIT, announced it would build its third data center complex in Prince William County. Its early ballpark investment was $350 million for a three-building complex on 83 acres at 11650 Hayden Rd., which would begin to deliver in spring 2017.

Its plans have adjusted somewhat, based on the REIT’s recent earnings report. The total investment amount is now estimated to be $441 million for a four-building complex, according to comments CFO Stuart Brown made during the earnings call. Right now, he said, Iron Mountain “is in the process of finalizing a development agreement with a partner to start construction on the first building in the fourth quarter.”