Amazon buys 189 acres in Prince William tech park for $700M

Amazon Data Services has bought approximately 188.5 acres in Prince William County for a whopping $700 million.

The e-tailer’s data center arm bought the land within the 270-acre Devlin Technology Park, located at the northwest corner of Devlin and Linton Hall roads in Bristow. The purchase from Reston-based homebuilder Stanley Martin Homes closed on Nov. 5. The land’s assessed value was approximately $115 million.

The Devlin Technology Park zoning stipulates a maximum floor area ratio that would allow for 3.5 million square feet of data center space or use.

After a lengthy meeting in November 2023, the Prince William County Board of Supervisors voted 5-3 to rezone the land in Devlin Technology Park to light industrial, allowing data center development. The rezoning also added the park to the county’s Data Center Opportunity Zone Overlay District, which includes land held by Google and Microsoft.

Stanley Martin Homes bought the land that would become Devlin Tech Park in 2021 and 2022, purchasing the property at 8900 Devlin Road for more than $21.13 million and the properties at 9000 Devlin Road and 12615 Fog Light Way for $30.16 million.

New York-based real estate investment bank Eastdil Secured was the adviser to Stanley Martin in the early November transaction.

Amazon did not return a request for comment.