RICHMOND, VA., February 18, 2025 – PointOne,LLC. (PointOne Data Centers) has partnered with a global investment management firm with approximately $37B in assets under management to support the execution of PointOne’s hyperscale data center campuses across Virginia.
Providing adaptable and scalable data center solutions, PointOne Data Centers offers turnkey, build-to-suit, and powered shell options designed for hyperscale and cloud providers. The company emphasizes flexibility in transacting, focusing on aligning its offerings with customers' preferences and establishing itself as a provider of reliable data center solutions in the Mid-Atlantic.
PointOne has strategically acquired sites and leveraged development expertise, securing three campuses across Northern and Central Virginia. Since the company’s formation, the platform has grown substantially to nearly 950MW of potential critical IT load across over 500-acres. The company plans to construct fourteen data centers totaling over 6.1 million square feet.
“This is an important milestone for PointOne Data Centers, and we are excited to partner with an established investor that allows us to scale our portfolio to offer flexible data center solutions that align our infrastructure solutions with our customers,” said Colin Clish, Co-Founder and President of PointOne. “This partnership is a testament to the quality of our prepared sites and our strategic commitment to building a regional platform.”
PointOne’s executive leadership team are industry veterans with significant experience overseeing data center design and construction. “Our team is focused on developing a data center operator that partners with hyperscalers to build reliable and scalable data centers solutions that flex to meet their exact requirements,” says Devin Donnelly, CFO at PointOne Data Centers.“PointOne provides hyperscalers with development expertise and experienced data center professionals from site planning through commissioning.”
With an established portfolio of three strategically located hyperscale sites in Northern and Central Virginia, PointOne Data Centers is positioned to support growing demand. The Ashburn Data Center project will deliver a maximum capacity of 132MW across two buildings. Meanwhile, the Remington Data Center campus is set to provide 400MW of maximum capacity power distributed across five buildings, with 50MW of power available in Q4 2026. The Richmond Data Center campus will also offer up to seven buildings across 400MW to serve the Central Virginia market.
PointOne plans to continue scaling its platform and is actively acquiring land in other prominent markets.
Solomon Partners Securities, LLC served as exclusive financial advisor, and Greenberg Traurig, LLP served as legal advisor to PointOne on the transaction.