TPG Real Estate Partners and Quantum Loophole formed a joint venture.

TPG Real Estate Partners, a real estate equity investment platform, and Quantum Loophole, a company that develop data center, formed a joint venture. Financial terms were not disclosed. “Demand for cloud computing and cloud-based services has grown rapidly over the past decade, and Frederick County is an important growth outlet for the Northern Virginia data center market. With industrial zoning and access to significant power capacity, the development site will offer several benefits to a fast-growing hyperscale tenant base that is intensely focused on speed of delivery. We are pleased to partner with the team at Quantum Loophole and look forward to executing on our shared vision for an innovative and sustainable development that will deliver enduring value to the local community,” Ty Newell, TREP Managing Director.