Bitzero to Redevelop Cold War-Era Missile Defense Site in North Dakota into Secure Data Center for $500M

NEKOMA, N.D. — Bitzero Blockchain Inc. has agreed to acquire the Stanley R. Mickelsen Safeguard Complex (SRMSC) in Nekoma, a tiny city of fewer than 50 residents approximately 130 miles south of Winnipeg, Canada. The Cavalier County Job Development Authority (CCJDA) is selling the property to Bitzero, which plans to redevelop the asset into a highly secure data center. The project costs, including the acquisition, are estimated at $500 million. Commonly referred to as “The Pyramid,” …

July 29, 2022Acquisitions, Data Centers, Development, Industrial, Midwest, North Dakota, Top Stories

American Tower Sells Minority Stake in Data Center Portfolio to Stonepeak for $2.5B

BOSTON AND NEW YORK CITY — American Tower Corp. (NYSE: AMT), a multitenant communications REIT, has agreed to sell a 29 percent stake in its data center platform to Stonepeak, an alternative asset management firm based in New York City. The deal, which comprises common and preferred equity from Stonepeak’s affiliated investment vehicles and debt commitments, is valued at $2.5 billion. The AMT data center portfolio consists of 27 data centers in 10 U.S. markets. AMT purchased Denver-based …

July 12, 2022Acquisitions, Company News, Data Centers, Massachusetts, New York, Northeast, Top Stories

Finmarc Acquires Industrial, Data Center Portfolio in Springfield, Virginia for $127.5M

SPRINGFIELD, VA. — Finmarc Management, a real estate investment and management firm based in Bethesda, Md., has purchased an 11-building portfolio from Boston Properties in Springfield for $127.5 million. The portfolio spans 740,000 square feet of industrial, flex/office and data center space in one- and two-story properties. Situated near Fort Belvoir and I-95, the portfolio was 74 percent leased at the time of sale to tenants including ADT Security Systems, Avaya, SAIC, The Vomela Cos. and …

June 17, 2022Acquisitions, Data Centers, Industrial, Office, Southeast, Virginia

Prime Data Centers Plans 261,000 SF Development in Vernon, California

VERNON, CALIF. — Prime Data Centers has released plans for a three-story, 261,000-square-foot data center in Vernon. Additionally, the company will construct an electrical substation to serve the new site. The completed facility will deliver up to 33 megawatts of power to its tenants. The new carrier-neutral facility offers opportunities for tenants to obtain wholesale dark fiber in volume to all five of the central interconnection hubs in downtown Los Angeles: One Wilshire, 600 W. Seventh …

June 6, 2022California, Data Centers, Development, Industrial, Western

Prologis, Skybox Complete 189,000 SF Spec Data Center in Elk Grove Village, Illinois

ELK GROVE VILLAGE, ILL. — Prologis and Skybox Datacenters have completed a 189,000-square-foot data center at 800 E. Devon Ave. in Elk Grove Village, a suburb of Chicago. Named Skybox Chicago I, the speculative facility sits on a 10-acre site. The project can accommodate a single tenant or several users. Leasing efforts are underway. The project was the conversion of a vacant distribution

May 2, 2022Data Centers, Development, Illinois, Industrial, Midwest

Sabey Data Centers to Develop 72-Megawatt Facility in Metro Austin

ROUND ROCK, TEXAS — Seattle-based developer and operator Sabey Data Centers will develop a facility in the northern Austin suburb of Round Rock that will have the capacity to produce up to 72 megawatts of power. The two-building development will be situated on a 40-acre site and will be primarily marketed to hyperscale cloud users. Preliminary sitework is underway, and Sabey plans to break ground in June and to deliver the facility in the first quarter of

April 21, 2022Data Centers, Development, Industrial, Texas

Meta to Build $800M Data Center in Kansas City

KANSAS CITY, MO. — Meta Platforms Inc., formerly known as Facebook Inc., plans to build a nearly 1 million-square-foot data center in Kansas City. Meta will invest more than $800 million for the project, which will support up to 100 jobs. The facility is expected to be operational in 2024. The data center will be located in Golden Plains Technology Park, a 5.5 million-square-foot data center campus. The site will be supported by 100 percent renewable energy. Meta plans to use the Data Center …

March 29, 2022Data Centers, Development, Industrial, Midwest, Missouri

Skybox, Prologis to Develop 141,240 SF Data Center in Metro Austin

PFLUGERVILLE, TEXAS — Developer and operator Skybox Datacenters, in partnership with San Francisco-based industrial giant Prologis, will construct a 141,240-square-foot data center in the northern Austin suburb of Pflugerville. The facility, known as Skybox Austin I, will have the capacity to produce up to 30 megawatts of power. Construction is scheduled to begin in May, with delivery of the first data hall slated for March

March 14, 2022Data Centers, Development, Industrial, Texas

CyrusOne Agrees to Sell Four Data Centers in Houston for $670M

HOUSTON — CyrusOne Inc. (NASDAQ: CONE) has entered into a definitive agreement to sell four of its data centers in Houston for approximately $670 million. Under the terms of the agreement, DataBank Holdings Ltd. will acquire Houston West I, II and III, as well as Houston Galleria. The four facilities total more than 300,000 square feet. Additionally, CyrusOne will lease back the Houston West III shell to support a lease signed with a customer in the fourth quarter of 2021. The …

January 19, 2022Acquisitions, Data Centers, Industrial, Texas, Top Stories

IPI Partners Acquires 138,000 SF Data Center in Downtown Denver

DENVER — IPI Partners has purchased a three-story primary data center located at 1500 Champa St. in downtown Denver. Morgan Reed Group sold the asset for an undisclosed price. IPI Partners plans to further develop the 138,000-square-foot center’s connectivity ecosystems and colocation capacity. Currently, the property can support approximately 10 megawatts of power and offer a robust “Meet-Me-Room,” a space telecommunications companies can physically connect to one another and …

January 14, 2022Acquisitions, Colorado, Data Centers, Industrial, Western