Quantum Loophole and TPG Real Estate have some big plans for Frederick County, Maryland. The area lies just north and west of the data center clusters of Ashburn in Virginia and of course just upstream along the Potomac of DC itself.
The two have formed a strategic joint venture to acquire and develop 2,100 acres at 5601 Manor Woods Road that previously served as home to Alcoa Eastalco Works, which smelted aluminum for 35 years on the site until 2005. The actual former facility was demolished in 2017 and over the years the land has been environmentally reclaimed. Now it's literally a green field opportunity, and Quantum Loophole and TPG are moving in.
With industrial zoning and plenty of power on hand, they hope to build out a gigawatt-scale data center community for the hyperscale marketplace. Plans call for the deployment of 30-120MW data center modules within the next nine months, as well as a pile of metro fiber to hook it all up.
As part of the deal TREP has acquired a minority stake in Quantum Loophole. The two are working with local leaders, who hope the investments will bear fruit in the form of jobs and ongoing development projects.
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