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**Avison Young Executes $75M 1031 Exchange Following Data Center Land Sale**
Avison Young’s Net Lease Group has completed a major 1031 exchange transaction following the $100 million sale of an 84-acre data center development site in Loudoun County, Virginia.
The sale enabled the seller to defer capital gains taxes and strategically reinvest most of the proceeds into a diversified nationwide portfolio of income-producing net lease properties. Specifically, $75 million from the sale was used to acquire 11 net lease assets across six states: Florida, Georgia, North Carolina, South Carolina, Texas, and Virginia. The transaction facilitates a shift from a single land holding to a robust income-generating property portfolio designed to ensure long-term cash flow stability.
Leading the execution of the 1031 exchange were Jonathan W. Hipp and Richard Murphy of Avison Young. The remaining $25 million from the sale was reinvested into non-income-producing land, continuing to diversify the seller’s real estate investments.
Don’t miss Carter Andrus, Chief Operating Officer of Prologis, as the keynote interview guest at Connect Industrial Midwest. The event takes place Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, IL.
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