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MANASSAS, VA-Corporate Office Properties Trust has acquired a 233,000-square-foot data center known as Power Loft @ Innovation here, as well as its assets, for approximately $115 million. It plans to invest an additional $166 million to bring it up to full capacity. The two-story data center is located at 9651 Hornbaker Rd. on a 20-acre site within the 1,500-acre Innovation Park. It is 16% leased to two tenants.

COPT also formed a JV with Power Loft’s founder, James F. Coakley, whose LLC was also providing development management, property management and leasing services to the data center. The new JV, called Powerloft Services LLC, will take over those responsibilities. COPT owns a majority stake in PowerLoft Services.

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