Town Lane and PowerHouse Data Centers Joint Venture Acquires Future Data Center Land Site in Charlotte, NC
PowerHouse Data Centers and Town Lane land deal for Charlotte, NC.
NEW YORK and WASHINGTON, Sept. 5, 2024 /PRNewswire/ -- Town Lane, a real estate investment management firm, and PowerHouse Data Centers ("PowerHouse"), a leading real estate developer and owner of next-generation hyperscale data centers, and fully owned division of American Real Estate Partners (AREP), today announced the completed purchase of 122 acres in Charlotte, North Carolina via a joint venture partnership between both companies. The land site is the future home to PowerHouse Charlotte, a five-building, 2.5 million square feet data center campus that will have 300 MW, with the potential to increase to 500MW, of secured power by April 2027.
Tyler Henritze, Founder & Managing Partner, Town Lane, commented, "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."
About PowerHouse
PowerHouse Data Centers (PowerHouse), a division of American Real Estate Partners (AREP), offers technical real estate solutions and next-generation data center powered shells for the hyperscale market. Driven by the core philosophy that strong data center projects begin with a strong real estate partner, PowerHouse provides best-in-class investment knowledge, development and site selection expertise, and technical operations. Visit www.powerhousedata.com for more about how PowerHouse delivers best-in-class build-to-suit, powered shell, and full turnkey deployments at scale.
Media Contact
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