BOYDTON, VA—Microsoft is expanding its data center operationshere once again, investing $346.7 million in its facilities. Thisis the third expansion it has made at the data centersince it opened in 2010. Microsoft invested$499 million in the center for that initial launchand then the following year invested an additional $150million.
The company has invested a total of $1.3 billion, in short, inthis facility, noted Virginia Gov. TerryMcAuliffe. "Microsoft's data center campus in MecklenburgCounty continues to represent transformational growth, opportunity,and investment for the region and for Virginia," he said in aprepared statement.
Virginia is kicking in funds for this latest expansion;McAuliffe approved a $1.6 million grant from the Governor'sOpportunity Fund to assist Mecklenburg County with the project. TheVirginia Tobacco Indemnification and Community RevitalizationCommission approved $1.6 million in Tobacco Region OpportunityFunds for the project.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
