December 8, 2023
, Skybox, Bandera Ventures Launch 1 MSF Data Center Project – What is a Ground Lease?, Robert Khodadadian

PowerCampus Dallas will feature as much as 300 MW of power. Image courtesy of Skybox Data Centers

Skybox Datacenters has begun the development of a new data center campus, PowerCampus Dallas, in partnership with developer Bandera Ventures and Principal Asset Management.

The 115-acre campus, just south of downtown Dallas, will feature as much as 300 MW of power supported by a private on-site substation and up to 1 million square feet of data center space. N, N + 1 and 2N configurations will be available.

Amenities will include EV charging stations, bike racks, shower facilities, customizable office space and a visitor center.

PowerCampus is a product line from Skybox for large-scale data center assets tailored to hyperscale clients across major and emerging U.S. markets.

READ ALSO: Data Center Leasing Picks Up

Skybox highlights the Dallas market’s “excellent proximity to cloud providers and exchanges as well as substantial network availability to major metros,” along with its low energy costs, access to renewable power, and local and state tax incentives. In addition, Texas offers a state sales tax exemption on electricity or equipment for qualifying data centers.

Bigger in Texas

Ranked as one of the nation’s eight primary data center markets, metro Dallas is seeing steadily high demand, especially hyperscale and enterprise demand, with 75 MW of leases and 68 MW of net absorption in the first half, according to an Americas Data Center Update released in October by Cushman & Wakefield. Overall vacancy is just 3.4 percent, and a hefty 140 MW is under construction, in the context of 650 MW now in operation.

In March 2022, Skybox announced that in a partnership with Prologis, it would build a $500 million–plus data center on a 25-acre site in Austin’s Silicon Hills submarket. Completion of the 30 MW, 141,000-square-foot first phase was scheduled for December of last year.

The post Skybox, Bandera Ventures Launch 1 MSF Data Center Project appeared first on Commercial Property Executive.

  

In the simplest form, a ground lease is a long-term net lease (usually 49 years or 99 years) of land including any improvements on the said land. Assets that can be subject to a ground lease include but are not limited to, vacant land, office buildings, and large residential buildings.

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Read MoreDallas, Data Centers, Development, Featured, News, Southwest, Bandera Ventures, Cushman & Wakefield, Skybox Datacenters Commercial Property ExecutivePowerCampus Dallas will feature as much as 300 MW of power supported by an on-site substation.
The post Skybox, Bandera Ventures Launch 1 MSF Data Center Project appeared first on Commercial Property Executive. 

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