Town Lane and PowerHouse Data Centers Unveil New Venture
Strategic Acquisition for Future Growth
Town Lane, a prominent real estate investment management firm, has joined forces with PowerHouse Data Centers to secure a significant land site. This collaboration is set to pave the way for PowerHouse Charlotte, a planned data center campus that is anticipated to span an impressive 2.5 million square feet.
About PowerHouse Charlotte
The future campus will consist of five data center buildings, expected to boast 300 MW of critical power capacity, with prospects to increase this to 500 MW in the coming years. The site has been strategically chosen to meet the increasing demands from Cloud Service Providers (CSPs) and hyperscale users.
Leadership Insight
Tyler Henritze, Founder & Managing Partner of Town Lane, expressed optimism about the project, emphasizing the growing need for digital infrastructure. He noted Charlotte’s strategic advantages, such as its access to renewable energy and robust connectivity options, making this venture a compelling opportunity.
Remarkable Collaboration
Brian Katz, President & Co-founder of PowerHouse, highlighted the partnership with Town Lane and the collaboration with energy provider Duke Energy. Katz remarked on the importance of real estate relationships in successfully developing the project, marking this venture as a significant step forward in their combined efforts.
Location and Accessibility
The site’s location is less than 10 miles from urban centers and offers excellent access due to its proximity to major highways. This geographical advantage is set to enhance connectivity for potential data center operations and facilitate energy sourcing through the existing infrastructure.
Power and Sustainability
Plans are in place to utilize an existing substation to deliver immediate power needs, along with constructing an additional substation that will support the projected 500 MW. Notably, the energy strategy centers around utilizing over 50% renewable energy through advanced power generation methods.
About Town Lane
Founded in 2024, Town Lane is a boutique real estate investment manager focused on identifying opportunities across various commercial sectors. Their investment strategy is founded on a nimble approach to capitalize on emerging trends and market shifts.
About PowerHouse Data Centers
PowerHouse Data Centers, a segment of American Real Estate Partners, specializes in developing cutting-edge data center solutions. With a substantial footprint in the data center market, they are focused on delivering innovative and efficient real estate solutions tailored to hyperscale demands. Their ongoing projects span multiple key markets across the nation.
Frequently Asked Questions
What is the primary focus of the PowerHouse Charlotte project?
The project aims to create a large data center campus that addresses the growing demand for digital infrastructure from Cloud Service Providers and hyperscale users.
How much power capacity will the site offer?
The site is designed to initially offer 300 MW of secured critical power, with plans to expand this capacity to 500 MW over time.
What are the strategic advantages of the project's location?
The location near key highways and existing infrastructure ensures convenient access and enhanced connectivity for data center operations.
Who are the key stakeholders in this joint venture?
The joint venture involves Town Lane and PowerHouse Data Centers, in collaboration with Duke Energy for energy solutions.
How does Town Lane approach its investments?
Town Lane adopts a thematic and nimble investment strategy, focusing on identifying emerging trends and capitalizing on market dislocations.
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