Amazon AWS - 11550 Cronridge Drive

The Amazon AWS BWI - 11550 Cronridge Drive facility is situated in Owings Mills, Maryland, within the Baltimore market. Acquired by Amazon Data Services from T. Rowe Price Group for $15.2 million, the nine-acre property includes 111,000 sq ft of office space. Online postings indicate the site, designated as a Technology Center, hosts T. Rowe’s IT operations and features a 55,000 sq ft data center with 20,000 sq ft of white space. T. Rowe Price has entered into a sale-leaseback agreement with Amazon, allowing them to continue operations at the site while evaluating future real estate needs. Amazon has stated it does not currently have plans to build new data centers on this specific property, despite its affiliate's involvement in data center development. This acquisition aligns with Amazon Web Services' enterprise data center sale-leaseback program and T. Rowe's strategy of migrating on-premises workloads to AWS.

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