DFW’s super-charged information heart market is welcoming a brand new participant.
Investor Harrison Road paired up with developer PowerHouse Information Facilities to buy 50 acres of land within the DFW suburb of Irving-Las Colinas.
PowerHouse Irving will function three shell information facilities totalling almost a million sq. ft. Every constructing could have a complete energy load of 67 mega-watts. Building will start in early 2025, and the primary shell set is predicted to be delivered that very same yr.
The location is situated at 111 Buyer Manner, about 13 miles northwest of downtown Dallas, and adjoining to a distribution heart for Neiman Marcus.
Irving Mayor Rick Stopfer known as town “a major vacation spot for very important information infrastructure tasks” in a information launch concerning the land deal.
Irving is the twelfth-largest metropolis in Texas and the fifth-largest metropolis within the Metroplex behind Dallas, Fort Price, Arlington and Plano. Irving can be a hotspot for headquarters, residence to firms like 7-Eleven, Nexstar Media Group, McKesson and Vistra Power.
North Texas’ information heart market has surged lately, with builders dashing to satisfy demand for the asset class. Cushman & Wakefield information exhibits that web leasing of knowledge facilities in Dallas-Fort Price elevated seven-fold between 2020 and 2023, the Dallas Morning Information reported. Northern Virginia is the nation’s prime information heart market; DFW ranks second.
Dallas-based Prime Information Facilities has plans for a $3 billion information heart undertaking in southwest Fort Price, the Dallas Morning Information reported.
PowerHouse Information Facilities is a division of American Actual Property Companions. PowerHouse began in Northern Virginia and expanded to markets throughout the nation.
Harrison Road is an investor that focuses on “various actual property belongings” like scholar housing, built-to-rent and storage actual property. The agency was based in 2005 and is headquartered in Chicago and London.
This yr, the three way partnership has additionally introduced plans for information facilities in Reno, Nevada and Spotsylvania, Virginia.
