Tuesday, July 15, 2025
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Data Centers

Data CentersDevelopmentIndustrialNevadaTop StoriesWestern

Vantage Data Centers to Invest $3B for New Campus in Sparks, Nevada

by John Nelson

SPARKS, NEV. — Vantage Data Centers is entering the Nevada market with a new $3 billion campus in Sparks, located outside of Reno in Storey County. The campus, dubbed NV1, will sit on 137 acres and offer a total 224 megawatts (MW) of critical IT load. Upon completion, the NV1 campus will house four multi-story data centers totaling 1.1 million square feet. The property will be designed with densities ranging from 360 watts to 720 watts per square foot in order to accommodate the “unique needs of AI deployments,” according to Vantage. Vantage will utilize a closed-loop chiller system to reduce water usage, with the ability to employ both traditional air-cooled compute loads and liquid cooling to support next-generation GPU (graphics processing unit) loads. Vantage is aiming to achieve LEED certification for the development. Vantage expects to employ more than 1,200 individuals across the construction and ongoing operations of the campus. The first two data centers to come on line at NV1 are fully preleased to undisclosed tenants. The first facility is scheduled to open in the second quarter of 2026. NV1 will be situated within Tahoe-Reno Industrial Center, which also houses Tesla Gigafactory 1 and operations for tech companies …

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Data CentersDevelopmentSoutheastVirginia

EdgeCore to Invest $17B for New Data Center Campus in Central Virginia

by John Nelson

LOUISA COUNTY, VA. — EdgeCore Digital Infrastructure has announced plans to invest $17 billion for a new data center campus at Shannon Hill Regional Business Park in Central Virginia’s Louisa County. The new 697-acre campus will be situated near I-64 between Charlottesville and Richmond. The data center campus will span 3.9 million square feet and support more than 1.1 gigawatts of power. The Louisa County Industrial Development Authority and the Virginia Economic Development Partnership assisted EdgeCore in its site selection. Rappahannock Electric Cooperative and affiliate Hyperscale Energy will provide energy to the new campus. The construction timeline for the new development was not released. EdgeCore operates hyperscale data centers in Ashburn and Culpepper, Va., as well as Silicon Valley, greater Phoenix and Reno, Nev.

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AcquisitionsData CentersIllinoisIndustrialMidwest

SRM, Pearlmark Acquire Fully Leased Data Center in Arlington Heights, Illinois

by Kristin Harlow

ARLINGTON HEIGHTS, ILL. — SRM Cos. and Pearlmark have acquired a data center and flex industrial facility located at 545 E. Algonquin Road in the Chicago suburb of Arlington Heights. The transaction marks SRM’s first acquisition in the Chicago market. The property is fully leased to two tenants and features robust power and infrastructure. According to a release, the buyers plan to maintain and enhance the facility’s long-term value through proactive asset management and continued investment. Wintrust Commercial Real Estate provided acquisition financing.

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Data CentersDevelopmentIndustrialMidwestMinnesota

Oppidan Breaks Ground on 61,000 SF Data Center in Eagan, Minnesota

by Kristin Harlow

EAGAN, MINN. — Oppidan Investment Co. has broken ground on a 61,000-square-foot data center on Argenta Trail, south of the YMCA property in the Minneapolis suburb of Eagan. The project marks one of only two ground-up data center developments currently underway in Minnesota, according to Oppidan, which is serving as the landlord and directly financing, developing and delivering the facility in partnership with a tenant. Completion is slated for 2026. Project partners include the City of Eagan, Minnesota Department of Employment and Economic Development, Dakota County, Greater MSP, Dakota Electric Association and Great River Energy. Gardner Builders is the general contractor, ERA Associates is the structural engineer, Stantec is the civil engineer, Salas O’Brien is the architect and States Manufacturing is the electric equipment supplier.

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Company NewsData CentersDevelopmentNortheastPennsylvaniaTop Stories

Amazon to Invest Minimum of $20B in AI-Based Data Center Campuses Throughout Pennsylvania

by John Nelson

SEATTLE — Amazon (NASDAQ: AMZN) plans to invest “at least $20 billion” in future cloud computing and artificial intelligence (AI) innovation campuses in Pennsylvania. The Seattle-based e-commerce giant has identified Salem Township in Luzerne County and Falls Township in Bucks County as the first communities that will host these campuses, with other Pennsylvania communities also under consideration. “I’m proud to announce that we have secured the largest private sector investment in the history of Pennsylvania,” said Pennsylvania Gov. Josh Shapiro. “Pennsylvania is competing again.” Upon completion, the campuses will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI. Specific details about the sites and construction timelines were not released. Last week, Amazon made a similar announcement for a $10 billion data center innovation campus in Richmond County, N.C., which followed an $11 billion investment in Georgia that Amazon announced in January. Amazon stated that the Pennsylvania investment will create at least 1,250 new jobs, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain. The new jobs will range from data center engineers and network specialists, to engineering operations managers, security …

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Data CentersDevelopmentIndustrialNorth CarolinaSoutheastTop Stories

Amazon to Develop $10B Data Center Campus in North Carolina

by Hayden Spiess

RICHMOND COUNTY, N.C. — Amazon (NASDAQ: AMZN) has announced plans to develop a new, $10 billion cloud computing and artificial intelligence (AI) innovation campus in Richmond County, roughly 80 miles east of Charlotte.  According to the Seattle-based company, this marks one of the largest capital investment announcements in the history of the state.  Upon completion, the campus will house data centers with computer servers, data storage drives, networking equipment and other technology infrastructure used for cloud computing capabilities and generative AI.  The project will be situated at one of the Economic Development Partnership of North Carolina’s Selectsite Readiness Program sites, which are designed to accommodate industries like AI and advanced manufacturing. Specific details about the site and construction timelines were not released. Amazon reports that the investment will create at least 500 new jobs, adding to the more than 192,000 tech professionals already in the state, as well as thousands of jobs in the Amazon Web Services (AWS) data center supply chain.  “Amazon’s $10 billion investment in North Carolina underscores our commitment to driving innovation and advancing the future of cloud computing and AI technologies,” says David Zapolsky, chief global affairs and legal officer with Amazon. “This investment will position North Carolina …

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Data CentersDevelopmentIndustrialLoansTexas

Newmark Arranges $7.1B Construction Loan for West Texas Data Center Project

by Taylor Williams

ABILENE, TEXAS — Newmark has arranged a $7.1 billion construction loan for a data center project in the West Texas city of Abilene. A consortium of lenders led by J.P. Morgan provided the debt, which will fund the second phase of development of an existing campus. Construction of the first phase, which comprised two buildings and 200-plus megawatts of power, began in June 2024 and is expected to come on line in the coming weeks. Construction of the second phase, which will feature six additional buildings and a total of 1.2 gigawatts, began in March 2025 and is expected to be energized in mid-2026. Jordan Roeschlaub, Nick Scribani, Ben Kroll, Brent Mayo, Doug Harmon and Andrew Warin of Newmark originated the financing on behalf of the borrower, a joint venture between Blue Owl Capital Inc., Crusoe and Primary Digital Infrastructure.

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Data CentersIndustrialTop Stories

Blackstone Provides $925M Debt Facility for Data Center Owner-Operator Colovore

by Taylor Williams

NEW YORK CITY — Private equity giant Blackstone Inc. (NYSE: BX) has provided a $925 million debt facility for Colovore, a data center owner-operator that is back by New York City-based alternative investment firm King Street Capital Management. California-based Colovore will utilize the capital to fund development of new data centers around the country that will be purpose-built to support artificial intelligence (AI) initiatives and infrastructure. According to Colovore, the company’s liquid-cooled facilities are designed from the ground-up to support the intense demands of modern AI chips, offering high per-cabinet cooling densities and smaller physical footprints. The company also said that new data centers stemming from the Blackstone credit facility will be located in “metro edge” markets. A subsequent statement from Sean Holzknecht, Colovore’s president and co-founder, stated that the first wave of new data center developments stemming from the Blackstone credit facility would include projects in the Reno, Chicago and Austin areas. “As AI infrastructure shifts rapidly toward highly distributed, inference-driven workloads, we remain focused on building the national backbone for this next phase — scalable, liquid-cooled data center platforms purpose-built for edge and core inference,” said Holzknecht. “With more than a decade of experience in liquid cooling, Colovore …

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Data CentersDevelopmentLeasing ActivityTexasTop Stories

Aligned Partners With Lambda on $700M Data Center Project in Plano

by John Nelson

PLANO, TEXAS — Aligned Data Centers LLC, a data center developer and operator based in Plano, has partnered with Lambda Inc., a cloud computing company backed by Nvidia. Lambda will occupy DFW-04, Aligned’s newest data center under construction in its home market. The Dallas Morning News reported that the facility represents an investment of $700 million. Lambda’s AI Cloud platform will be integrated into the new data center, which is anticipated to be available in 2026. Situated at 401 N. Star Road, DFW-04 will comprise 425,000 square feet and support Lambda’s highest-density graphics processing units (GPUs), essential tools for AI and machine learning users. The new 44-acre facility will have an onsite substation and will feature Aligned’s proprietary air and liquid cooling technologies. DFW-04 will also have more than 5,000 megawatts of future capacity. The new facility will be situated within three miles of DFW-01 and DFW-02, which also serves as Aligned’s corporate headquarters. Aligned is also currently underway on DFW-03, a 27-acre data center project in Mansfield, Texas, that is set to deliver later this year. “Aligned is the ideal partner to help Lambda build large, flexible space that meets the AI demands of today and tomorrow,” says Ken …

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AcquisitionsData CentersDevelopmentFloridaSoutheast

Metrobloks Buys Land in Miami, Plans to Develop New Data Center

by John Nelson

MIAMI — Los Angeles-based Metrobloks has purchased four acres at 500 N.W. 137th Ave. in Miami’s Airport West submarket. The firm plans to develop a 15.2-megawatt data center at the site, which is situated at the intersection of Northwest 6th Street and 137th Avenue. Matthew Bittel and Stuart Gordon of Cushman & Wakefield represented Metrobloks in the land sale. Carlos Gaviria of Transwestern Real Estate Services represented the previous land owner, Sagard Real Estate. Metrobloks plans to begin operations at the new multi-tenant, AI-ready data center by the end of 2026.

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