Town Lane, a real estate investment management firm, and PowerHouse Data Centers (PowerHouse), a real estate developer and owner of hyperscale data centers, announced the completed purchase of 122 acres in Charlotte, North Carolina, through a joint venture partnership between the two companies. The site will be the future home of PowerHouse Charlotte, a five-building, 2.5 million-square-foot data center campus offering 300 MW of secured power, with the potential to increase to 500 MW, by April 2027, according to a joint statement released by the companies last week.
Also Read: AtNorth Announces Second Data Center in Denmark with Heat Reuse
PowerHouse Charlotte Campus
Town Lane commented, "We recognise the ongoing demand for digital infrastructure, and Charlotte has emerged as a compelling data center market given its access to renewable power and connectivity. This is why we are excited to partner with an experienced developer like PowerHouse, which has proven technical and power procurement capabilities, to develop this site."
PowerHouse President and Co-founder added, "Our deep real estate relationships are foundational to PowerHouse's success and instrumental in our ability to reshape the data center development landscape. We have tremendous respect for Town Lane and are thrilled to collaborate on our first project together."
Also Read: 1547 CSR and Harrison Street Acquire Union Station Data Center in South Bend, Indiana
Location and Power Infrastructure
Located less than 10 miles from downtown Charlotte, the site offers connectivity via I-485 and Highway 49. It will initially access 15 MW of bridging power by Q4 2026, given its proximity to an adjacent substation, with plans for a new substation in collaboration with Duke Energy, delivering up to 500 MW of power, over 50 percent of which will come from renewable sources.
"The site is ideally located with near-term power already secured, offering unparalleled opportunity, connectivity, and access to carbon-free power," PowerHouse added.
Also Read: STT GDC Commits USD 3.2 Billion to Add 550MW of Data Centre Capacity in India
PowerHouse Data Centers
PowerHouse Data Centers, a wholly owned division of American Real Estate Partners (AREP), is a developer and owner of data centers, providing technical real estate solutions for hyperscalers across the country. According to the official release, the company has 30 buildings currently in planning or underway, representing over 2.3 GW of power in six major US markets.
