Investment management firm Harrison Street and real-estate solutions provider PowerHouse Data Centers joined forces for the successful acquisition of 50 acres of land in Las Colinas, Texas.
Located at 111 Customer Way, the site will serve as home to a nearly 1-million-square-foot data center campus dubbed PowerHouse Irving. When completed, the development is expected to deliver 200 MW of power and represent a significant addition to the Dallas-Fort Worth area, which has grown into one of the largest data center markets in the country.
With construction scheduled to begin in early 2025, completion of the first phase is expected before the end of that same year. In total, plans call for three powered shell data centers totaling more than 946,000 square feet with a total power load of 67 MW per building. The campus benefits from immediate access to permanent power from an existing adjacent substation that’s serviced by Oncor.
“Location, speed to market, and power performance are critical to everything we do,” said PowerHouse CEO and Founder, Doug Fleit. “Irving-Las Colinas has developed into a hugely important connectivity hub with major financial influence and is an integral part of the Dallas market, which has the fourth-largest concentration of Fortune 500 companies in the nation and the 20th-largest economy in the world. We are excited to deliver the first of several planned projects to serve one of the most dynamic data center markets in the world and provide first-rate connectivity solutions for hyperscale customers.”
PowerHouse Irving is the companies’ third multi-phased data center development to be announced so far this year and marks a significant milestone for PowerHouse’s strategy to expand across key data center markets in the U.S.
“As we continue to demonstrate, our city is a prime destination for vital data infrastructure projects,” said Irving Mayor, Rick Stopfer. “Our skilled workforce, transportation links, central location, and ease of doing business attract companies ready to build the base for future high-technology applications.”
Las Colinas — one of the largest office submarkets in the country — is a thriving community located in the heart of the Dallas-Fort Worth metroplex. Boasting almost unparalleled accessibility with links to multiple highways, mass transit options and several airports, the Irving enclave is a distinctly attractive destination for corporate headquarters as it’s home to more Fortune 500 corporate headquarters per capita than any city in the state of Texas. As such, companies located here have access to a talent pool of more than 4 million skilled workers within a 30-minute commute and within a region that’s home to more than 40% of the advanced technology workers in Texas.
“Dallas is an established data center market that is seeing significant growth and serves as a major hyperscale compute cluster for the central region,” said Michael Hochanadel, managing director and head of digital at Harrison Street. “We are leveraging our valued partnership with PowerHouse to deliver much-needed capacity to this high-growth area, meeting escalating demand-driven cloud, AI, and other use cases.”
Looking for data center and office space in Las Colinas or other hot tech hubs? Select any of the markets linked below or visit the CommercialCafe.com homepage to start your search!
