Thor Equities Group has significantly expanded its plans for the Van Wert "Mega Site" since its initial 221-acre acquisition from the Marsh Foundation. Now spanning approximately 900 acres following recent land annexations, the campus is designed to support a massive power capacity with an estimated long-term investment reaching $10 billion.
While physical construction on the data center buildings is slated to begin in the third or fourth quarter of 2026, current activity is focused on infrastructure readiness, including road extensions and the development of high-capacity substations. The project will utilize closed-loop cooling systems to protect local water resources and is projected to generate $200 million in tax revenue for Van Wert County over the next 15 years.
| Distance | Site | About |
|---|---|---|
| 2.46 miles | QTS: Van Wert |
QTS has been named as the end user/operator for the Van Wert Mega Site data center project in northwest Ohio.
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Thor Equities is a leader in the development, leasing and management of office, industrial, laboratory, residential, hotel and mixed-use assets in premier urban locations worldwide. The company operates in major cities around the globe and has a property portfolio totaling $20 billion with a development pipeline in excess of 50 million square feet. Thor has a strong presence on three continents and in addition to its US holdings, the company has assets in European gateway cities including London, Paris, Madrid, and Milan, and is the largest developer in Mexico through its Latin American division with a development pipeline of over 18 million square feet. Thor maximizes returns for institutional investors by recognizing a property’s potential, reducing operating expenses, increasing tenant satisfaction, leveraging market trends to maintain a long-term competitive edge. For more information, visit www.thorequities.com.
May 18, 2026 Ohio
Cleveland, Ohio, has turned down Lakeland Equity Group’s $1.6 billion plan to develop a data center campus. Mayor Justin M. Bibb announced on May 14 that the city had denied the permit for the proposed facility, which was planned for a 35-acre site at 3560 E 55th St. Lakeland described the...
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May 08, 2026 Ohio
Private credit firm Lakeland Equity Group has filed plans for a $1.6 billion data center project in Cleveland, Ohio. The proposal outlines a 150MW campus on a 35-acre site at 3560 E 55th St, currently owned by trucking company Morabito Enterprises. The development could include three two-story...
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April 30, 2026 Ohio
Real estate firm Five 9s Digital has sold a data center in Columbus, Ohio, with colocation provider Expedient understood to be the buyer. “Five 9s Digital announced the successful sale of a 6MW single-tenant data center in Columbus, Ohio, to its long-term tenant,” the company said this week....
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April 23, 2026 Thor Equities Group
Real estate firm Thor Equities is looking to build a 460,000 sq ft (42,735 sqm) data center campus near the city of Urbana in western Ohio. Urbana residents began speculating about a potential data center proposal after a local newspaper reported that Thor Equities had bought a 47.6-acre land...
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March 19, 2026 Ohio
Ohio state senator Bernie Moreno has urged the backers of a $136m data center to forgo tax subsidies tied to its planned expansion. In a public letter on Monday, he argued that the economic benefits of expanding the Ark Data Centers campus do not justify the subsidies.The expansion would create...
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