Town Lane and PowerHouse Data Centers Joint Venture Acquires Future Data Center Land Site in Charlotte, NC
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Town Lane and PowerHouse Data Centers Joint Venture Acquires Future Data Center Land Site in Charlotte, NC

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5 data center shell site will offer 2.5M SF of space and 300 MW of secured critical power (with potential for more), providing an excellent opportunity for CSP’s and Hyperscale users

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.”