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Verizon’s high-tech data campus sold for $221.5 million
Verizon’s high-tech data campus sold for $221.5 million
Thursday, Feb. 18, 2016 by Dale Peskin, Times-Mirror Staff Writer
Twelve buildings comprise the Verizon campus on Loudoun County Parkway, including the secret “spying” building in the upper left.
To the pioneers of the telecommunications revolution, the high-tech campus on Loudoun County Parkway in Ashburn is hallowed ground. The first Internet providers established a high-speed data network on 590 acres that previously supported farms. Now, as much as 70 percent of the world’s Internet traffic flows through Loudoun County.
But as 2015 was drawing to a close, part of the company that helped make Northern Virginia a high-tech mecca quietly sold the massive campus to Davidson Kempner Capital Management, a global hedge fund, and American Real Estate Partners (AREP) of Herndon, for a reported $221.5 million.
....
Verizon is reducing personnel and consolidating space at the Ashburn campus, which houses operations for the federal government, according to employees at the campus. An estimated 3,400 people work on a campus that can reportedly serve more than 5,000. It is unclear whether Verizon employment will remain stable in Ashburn.
....
The Verizon facility is actually a small, enclosed city. Buildings, hubs, labs and business units are connected by “Main Street" and a three-story atrium with restaurants, a bank and a Starbucks. Employees require high-security clearances, but they don’t provide entry to the secret “spying” facility at the back of the campus on Waxpool Road.
Thursday, Feb. 18, 2016 by Dale Peskin, Times-Mirror Staff Writer
Twelve buildings comprise the Verizon campus on Loudoun County Parkway, including the secret “spying” building in the upper left.
To the pioneers of the telecommunications revolution, the high-tech campus on Loudoun County Parkway in Ashburn is hallowed ground. The first Internet providers established a high-speed data network on 590 acres that previously supported farms. Now, as much as 70 percent of the world’s Internet traffic flows through Loudoun County.
But as 2015 was drawing to a close, part of the company that helped make Northern Virginia a high-tech mecca quietly sold the massive campus to Davidson Kempner Capital Management, a global hedge fund, and American Real Estate Partners (AREP) of Herndon, for a reported $221.5 million.
....
Verizon is reducing personnel and consolidating space at the Ashburn campus, which houses operations for the federal government, according to employees at the campus. An estimated 3,400 people work on a campus that can reportedly serve more than 5,000. It is unclear whether Verizon employment will remain stable in Ashburn.
....
The Verizon facility is actually a small, enclosed city. Buildings, hubs, labs and business units are connected by “Main Street" and a three-story atrium with restaurants, a bank and a Starbucks. Employees require high-security clearances, but they don’t provide entry to the secret “spying” facility at the back of the campus on Waxpool Road.
