PowerHouse and Town Lane Acquire 122 Acres for 300 MW Campus in Charlotte, NC

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.

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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.”

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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.