Data Centers

Microsoft to Invest $3.3B for Data Center Development in Mount Pleasant, Wisconsin

by Kristin Harlow May 9, 2024

MOUNT PLEASANT, WIS. — Microsoft has unveiled plans to invest $3.3 billion between now and the end of 2026 in the development of a data center campus in Mount Pleasant, about 28 miles south of Milwaukee. The tech giant plans to expand its national cloud and artificial intelligence (AI) infrastructure capacity. The project is expected to bring 2,300 unionized construction jobs to the area by 2025, as well as to provide long-term employment opportunities over the next several years. Along with building a physical data center, Microsoft will partner with Gateway Technical College to construct a data center academy. This facility will serve to train and certify more than 1,000 students over the course of five years to work in the new data center and IT sector. U.S. President Joe Biden joined Microsoft President Brad Smith and Wisconsin Gov. Tony Evers at Gateway Technical College on Wednesday for the announcement. “This is a watershed moment for Wisconsin and a critical part of our work to build a 21st-century workforce and economy in the Badger State,” says Evers. Microsoft’s data center is being built where former President Donald Trump had previously announced a $10 billion investment from Taiwanese electronics manufacturer Foxconn. …

May 9, 2024

Acquisitions Data Centers Massachusetts Northeast Office

JLL Arranges Sale of 56,324 SF Office, Data Center in Hopkinton, Massachusetts

by Taylor Williams April 30, 2024

HOPKINTON, MASS. — JLL has arranged the sale of a 56,324-square-foot office and data center located in Hopkinton, about 30 miles west of Boston. According to LoopNet Inc., the two-story building at 117 South St. was built in 1981 and renovated in 1985. Mike Restivo and Scott Carpenter of JLL represented the undisclosed seller in the transaction. Brett Paulsrud and Tom Sullivan, also with JLL, arranged acquisition financing on behalf of the buyer, locally based investment firm Rhino Capital. The new ownership plans to implement a value-add program.

April 30, 2024

Data Centers Development Indiana Industrial Midwest Top Stories

Amazon Web Services to Develop $11B Data Center Campus in Northern Indiana

by Taylor Williams April 25, 2024

NEW CARLISLE, IND. — Amazon Web Services (AWS), the web hosting division of Amazon (NASDAQ: AMZN) has announced plans for an $11 billion data center campus in New Carlisle, a town of roughly 1,600 people located near the Michigan-Indiana border. The exact location of the site was not disclosed, but the campus will be situated within the Indiana Enterprise Center, a master-planned development in St. Joseph County that spans nearly 3,000 acres. The Indiana Economic Development Corp. has committed to several incentives for the project. These incentives include up to $18.3 million in employment-based tax credits, up to $5 million in training grants, up to $55 million in Hoosier Business Investment tax credits and up to $20 million in redevelopment tax credits. These incentives are performance-based, meaning the company is eligible to claim state benefits once investments are made. In addition to its community investment and engagement activities, AWS will also contribute up to $7 million to support road infrastructure improvements in and around the site. Details on the development timeline were not immediately available. Amazon claims the project will create at least 1,000 new jobs. “Amazon has long been an important economic partner in Indiana, and we are excited …

April 25, 2024

Data Centers Development Industrial Texas

Edged Energy Underway on 168,000 SF Data Center in Irving

by Taylor Williams April 18, 2024

IRVING, TEXAS — An affiliate of Edged Energy, a global data center developer and operator whose U.S. headquarters are based in Connecticut, is underway on construction of a 168,000-square-foot facility at 505 N. Wildwood Drive in Irving. The data center will have a critical power capacity of 24 megawatts. Construction is scheduled for a fall completion. The facility is one of about a dozen in Edged Energy’s development pipeline across Europe and North America.

April 18, 2024

Content Partner Data Centers Development Features Industrial Midwest NAI Northeast Southeast Texas Western

Data Center Due Diligence Requires Focus on Power, Zoning, Fiber Availability

by Sarah Daniels March 7, 2024

The data center market remains a powerhouse of growth and demand in the commercial real estate world. REBusinessOnline sat down with Ryan Goeller, a principal at NAI KLNB commercial real estate services in Virginia, to discuss the various factors impacting this dynamic asset class. REBusinessOnline: Briefly, a data center is a dedicated building housing computer servers and storage systems, constantly processing and managing data for various applications. What is the current state of the data center market? Goeller: Extremely active, with very high demand. Development pipelines are at full power and are strained in certain markets. Leasing demand is through the roof. REBusinessOnline: What types of tenants use these data centers, and what are their space needs? Goeller: The majority of the time, the need for space is so insatiable that entire buildings are leased to single users, especially when it comes to large hyperscale computing projects. However, there are still colocation providers housing smaller tenants in certain buildings. A lot of the activity happening in Northern Virginia is hyperscale activity. These are large tech companies coming in and building 2-million-square-foot campuses that they’re fully occupying themselves. In these instances, the tenants aren’t likely to move once they occupy a space; …

March 7, 2024

Data Centers Development Industrial Office Texas Top Stories

Morales Capital Group Plans Redevelopment of 2.3 MSF Former Compaq Campus in Houston

by Jeff Shaw March 1, 2024

HOUSTON — Morales Capital Group, an affiliate of Mexcor International, has unveiled redevelopment plans for Viva Center, a 2.3 million-square-foot office and warehouse complex on a 66-acre site in Houston. The developer plans to revitalize the facility to support the research and development of liquid-cooled IT equipment for supercomputing. Eduardo Morales, CEO of Mexcor International and Morales Capital Group, says he envisions the newly rebranded Viva Center as “a transformative tech hub that seamlessly blends Houston’s rich history with futuristic innovations. With a focus on integrating cutting-edge infrastructure and next-gen application platforms, Viva Center aims to lead the charge in shaping Houston’s technological landscape for years to come.” Morales bought the property in 2022. The asset is part of a larger, sprawling, 300-acre campus that once served as the headquarters of Compaq, which was the largest home computer manufacturer of the 1990s. Fellow tech giant Hewlett-Packard bought Compaq in 2002 and has gradually sold off pieces of the campus, finally leaving the site entirely for a newly built, smaller building in the suburbs in 2022. For example, in 2009, Lone Star College purchased 1.2 million square feet of the property and turned it into a branch of the college. VivaVerse Solutions LLC will lead …

March 1, 2024

Acquisitions Data Centers Illinois Industrial Midwest

Cawley Brokers Sale of 14-Acre Land Assemblage in Itasca, Illinois

by Kristin Harlow February 29, 2024

ITASCA, ILL. — Cawley Commercial Real Estate has brokered the sale of 12 parcels of land totaling 14.2 acres in Itasca for an undisclosed price. Located on Marino Court, the site had long been a coveted location for developers over the past decade, with multiple unsuccessful attempts to secure the parcels. Andrew Maletich of Cawley worked on the deal for 27 months to secure contracts for all the parcels, overseeing the annexation and rezoning of the site into the Village of Itasca. He ultimately brokered the sale of the property, which sold to a large data center company.

February 29, 2024

Arizona Data Centers Development Industrial Western

Baker Completes First Phase at 72-Acre Redevelopment of Former Motorola Manufacturing Facility in Phoenix

by Hayden Spiess February 23, 2024

PHOENIX — Baker Development has started the final phase of demolition on a 72-acre industrial site in Phoenix, as part of a redevelopment of the property. Beginning in the 1960s, the site housed a Motorola semiconductor manufacturing campus. Work has been underway at the site for three years, and Baker has delivered one of four parcels to a data center user. Daniel J. Slack, president and COO of Baker, says that the developer is also “in discussions with other well-known companies attracted to the site’s substation-level power, its Foreign Trade Zone potential, as well as access to nearby housing, diverse labor pool and recreational amenities.”

February 23, 2024

Data Centers Development Southeast Virginia

PowerHouse Data Centers Acquires 145 Acres in Northern Virginia, Plans Data Center Campus

by John Nelson January 26, 2024

SPOTSYLVANIA, VA. — PowerHouse Data Centers has acquired 145 acres in Spotsylvania, with plans to develop a data center campus at the site. A joint venture with Harrison Street, the property will serve the data-intensive needs of hyperscale users in Northern Virginia. Dubbed PowerHouse 95, the project will feature three 300-megawatt (MW) substations, the first of which is currently under development and scheduled to provide 150 MWs of power by October 2025. Upon completion, the first substation will provide sufficient power to construct eight or more high-density data centers, and PowerHouse will have the capability to construct four to eight powered shells and two additional substations. McLean, Va.-based American Real Estate Partners (AREP) fully owns and operates PowerHouse.

January 26, 2024

Acquisitions Data Centers Development Southeast Virginia

Greysteel Arranges Sale of 85-Acre Site in Culpepper, Virginia for Future Data Center Campus

by John Nelson December 6, 2023

CULPEPPER, VA. — Greysteel has arranged the sale of an 85-acre site in Culpepper, a city in Northern Virginia that sits about 70 miles outside of Washington, D.C. The buyer is DataBank, a data center development firm that plans to develop a 1.4 million-square-foot data center campus on the site. The development will include up to three two-story data centers and an onsite substation. The buyer recently purchased 95 acres in the Atlanta market and 34 acres in New York. Zach Benlemlih of Greysteel’s Mid-Atlantic team represented the land seller and DataBank in the transaction. The construction timeline for the project was not disclosed.

December 6, 2023

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