**JK Land Holdings Sells Leesburg Property to Data Center Investor for $615 Million**
An affiliate of SDC Capital Partners, a global investor in data center infrastructure, has acquired a large land parcel in Leesburg, Virginia, in a record-setting deal valued at more than $600 million.
Local entrepreneur Chuck Kuhn’s company, JK Land Holdings, sold the 97-acre property for $615 million. The site is located on the south side of Cochran Mill Road, directly north of the Washington & Old Dominion Trail. The sale price equates to over $6 million per acre—believed to be the highest price ever paid for raw land in the region.
The property, referred to as Twin Creeks, was assembled by JK Land Holdings through multiple transactions primarily in 2021 for a total of $57 million. Since then, the company secured zoning approvals for the development of five two-story data centers totaling 1.6 million square feet, as well as a Dominion Energy substation. Previously, Dominion Energy had purchased an adjacent substation site for $45 million.
The strategic location and entitlements make the site a valuable asset for the booming data center industry in Northern Virginia, a global hub for internet infrastructure.
