TA Realty appoints industry veteran Tim Shaheen to lead digital infrastructure development team

Adam Black joins to lead Build and Design efforts

BOSTON--(BUSINESS WIRE)--TA Realty LLC (the Firm), a provider of real estate investment management services, announces today that it has launched a dedicated hyperscale data center development arm within the Firm’s digital real estate team. This launch expands TA Realty’s presence in the competitive digital infrastructure space, backed by 40 years of experience in the private equity real estate management business.

TA Realty’s digital real estate team specializes in sourcing and developing strategic locations in Tier I markets and ecosystems, where land and power are scarce commodities. The Firm recently announced a signed lease agreement with a global cloud services provider for its 430 MW data center campus in Loudoun County, VA, and has active developments for over 1.2 GW of committed power in various locations. With a focus on both data center campuses and edge deployments in key North American markets such as Northern Virginia, Atlanta, and Chicago, TA Realty’s development team will focus on developing resilient digital infrastructure assets.

The development arm is headed by Tim Shaheen. With more than 20 years in the data center and IT sectors, Shaheen previously served in executive roles at EdgeConneX and Aligned Data Centers before joining TA Realty in 2023.

“Appointing Tim to lead the digital infrastructure development team marks a strategic move to streamline our data center developments and scale top-tier assets in key markets,” states Allison O’Rourke, Partner at TA Realty. “His collaborative approach and digital acumen will be invaluable as we expand in this dynamic sector.”

“I am thrilled to lead the TA Realty hyperscale development team,” adds Shaheen. “The Firm’s commitment to working with the community to deliver exceptional solutions aligns perfectly with my own passion for innovation in the data center industry. TA Realty will leverage our collective expertise to pioneer new possibilities, elevate construction experiences, and empower businesses for success in the rapidly evolving digital landscape, while embracing opportunities with and for the communities we serve."

In addition to Shaheen, Adam Black has joined TA Realty as part of the digital initiative and will be responsible for overseeing design and construction of all data center assets. Black has 26 years of construction experience, the last 12 of which have been focused on the hyperscale mission-critical space. Most recently, he led all infrastructure projects in the Mid-Atlantic region at Google.

“I’m excited to have Adam join the team as we continue to navigate the complexities of high-demand data center markets,” says Shaheen. “With a track record in strategic development, Adam's insights will guide TA Realty in delivering cutting-edge solutions to meet the evolving needs of the digital landscape."

For more information about TA Realty, visit www.tarealty.com.

About TA Realty

Founded in 1982, TA Realty is an experienced and established real estate investment management firm. The Firm is headquartered in Boston, Massachusetts, with additional offices in Newport Beach, California, Dallas, Texas and San Francisco, California. Since its inception, through September 30, 2023, TA Realty has acquired, invested and/or managed approximately $41 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management, and seek to achieve long-term value creation. For four decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations, and high-net-worth individuals. For more information, please visit www.tarealty.com.