• STACK Infrastructure acquired the 71-acre Culpeper Technology Park at 15140 Keyser Road for $66.36m
  • The site has by-right data-centre zoning and fibre access, but no site-specific power capacity or construction timetable has been disclosed

The fact

Blue Owl Capital-backed STACK Infrastructure has acquired the Culpeper Technology Park at 15140 Keyser Road in Culpeper, Virginia. The 71-acre property sold for $66,359,425, with Greysteel representing seller RACM. Greysteel said the property has by-right zoning for data-centre use, access to multiple fibre networks and proximity to significant power infrastructure. The transaction announcement does not identify a power allocation for the property or say when power could be delivered. It also does not disclose a site-specific megawatt figure, development plan or construction timetable.

The assessment

The acquisition gives STACK control of land already zoned for data-centre use, but it does not establish how much capacity the site can support. The next physical constraint is power. Greysteel says the property is close to significant power infrastructure, but the announcement does not identify a site-specific utility commitment, power allocation or delivery date.

STACK is also linked to other data-centre developments in Culpeper. Capacity, substation or construction figures associated with those projects should not be applied to Keyser Road unless STACK or the relevant utility ties them directly to this parcel. For BTW readers, the transaction secures a zoned development site, not deliverable data-centre capacity. A site-specific power commitment and first-phase construction plan would show how STACK intends to turn the land into operating infrastructure.

What to watch

Watch for a site plan, a power-delivery agreement and a construction schedule for 15140 Keyser Road. Any megawatt figure should be tied specifically to this parcel and clearly defined. A first-phase plan with a confirmed power-delivery date and construction start would show that STACK is moving from land control into active development.