Monday, November 16, 2009

T5 Partners Hired to Lease Power Loft @ Innovation

ATLANTA, GA,  Nov. 16, 2009--T5 Partners has been retained as an integral member of the marketing team to present Power Loft @ Innovation  (top right photo) to national prospects with headquarters outside of the immediate Northern Virginia market.

T-5 will be working in concert with Millennium Realty Advisors in the marketing of this high-density, high-security data center located in Prince William County, Va.

T5 Partners' assignment is to lease approximately 100,000 square feet of Tier III/IV raised-floor area in the 232,000-square-foot LEED-certified facility within a 20-acre, high-security campus.

The developer, Power Loft LLC, with headquarters in McLean, Va., is offering turn-key space with all of the power and cooling necessary to support power demands of up to 300 watts per square foot of raised floor area.

"T5 Partners is thrilled to be involved with the marketing and leasing of Power Loft @ Innovation," said Pete Marin, (middle left photo) President of T5 Partners, LLC. "We're having great activity right out of the gate."
Power Loft @ Innovation is a joint venture between Iron Point Partners and Coakley Investors. Iron Point Partners is also T5's capital partner for its data center powered shells and sites in North Carolina.

James F. Coakley, (middle right photo) CEO of Power Loft, said his company chose to bring T5 Partners onto the marketing team for Power Loft @ Innovation because of T5's extensive prior experience with data centers.

 "This development niche offers a product that is 15% real estate and 85% mechanical and electrical systems," according to Coakley. "We needed a technically astute brokerage team capable of presenting the unique attributes of our new design, and T-5 fills that need nicely"

The combined marketing efforts of T-5 and Millennium have resulted in Power Loft @ Innovation securing its first tenant.

The collective team has proposals out for over 75,000 square feet of active prospects and continues to generate significant interest from user groups in the federal, defense contracting, financial services and technology sectors.

Millennium Realty Advisors LLC, also based in McLean, Va. will continue to market Power Loft @ Innovation locally, targeting the brokerage community and corporations with a major presence in the Washington DC metropolitan area. "T5 Partners believes we have a winning combination with our local partner, Rob Walters at Millennium Realty Advisors, and T5's national focus and reach on data center users," Marin said.

Media Contact: Tony Wilbert,,, 404-888-3091 office, 404-405-3656 cell