Sep 07, 2024 | Posted by Abdul-Rahman Oladimeji
PowerHouse Data Centers's alongside real estate investment management firm Town Lane this week announced the completed purchase of 122 acres in Charlotte via a joint venture partnership between both companies. The site is intended for a five-building, 2.5 million square feet (232,255 sqm) data center campus that will offer 300MW, with the potential to increase to 500MW, of secured power by April 2027.
Tyler Henritze, founder & managing partner, Town Lane, said: "We recognize the ongoing demand for digital infrastructure and that Charlotte has emerged as a compelling data center market given its access to renewable power and connectivity; which is why we are excited to partner with an experienced developer like PowerHouse, who has strong proven technical and power procurement capabilities, to develop this site."
Brian Katz, PowerHouse president and co-founder, added: "Our deep real estate relationships are foundational to PowerHouse's success and instrumental in our ability to rewrite the data center development playbook. We have a tremendous amount of respect for Town Lane and are thrilled to collaborate on our first project together."
