Ashburn's Telos Corporation Headquarters Site Sold, Future Data Center Possible

ASHBURN, VA — A corporation headquarters site in Ashburn has been sold and identified for a potential future data center use.

Real estate firm Finmarc Management sold the Telos Corporation headquarters site at 19886 Ashburn Road for $60 million to Chuck Kuhn's real estate firm JK Land Holdings. Kuhn told the Washington Business Journal the future plans for the site are "somewhat open-ended" until the Telos lease ends. The corporation has a lease that continues through 2029. However, there is an option for a data center, as the county has approved a data center site plan for the location.

"The buyer acquired a property with appropriate entitlements in place to develop a new data center in a market that continues to experience supply constraints," said Finmarc co-founder and principal David Fink.

According to Finmarc Management, the 25.29-acre site includes a three-story, 110,000 square foot commercial office building and nearly 80,000 square foot single-story industrial/R&D facility. The firm had first acquired the site in 2019. Telos, a cybersecurity company providing information technology services to the federal government's military, intelligence and civilian agencies, has been at the Ashburn site since 1988.

Kuhn, founder and CEO of JK Land Holdings and JK Moving Services, has been a key landowner in pursuing data center development in Northern Virginia, according to the Washington Business Journal. He has also worked on land conservation, putting some properties into conservation easements.

Ashburn and Loudoun County are home to the world's largest data center concentration, earning them the nickname "Data Center Alley." The county has said in a statement it cannot legally put a complete moratorium on new data centers that are allowed by right. The board does approve applications that require rezoning or special exceptions that aren't permitted by right.

The Loudoun County Board of Supervisors has started a process to consider zoning and planning amendments to restrict new data center development locations, Loudoun Now reported.