QTS REALTY TRUST SUBMITS PLANNING APPLICATION FOR £75M DATA CENTRE EXPANSION
PRESS RELEASE: Data centre company QTS Realty Trust is making a huge expansion to an existing facility in Fort Worth.
The new facility will total about 472,000 square feet and is expected to break ground early next month, with a tentative delivery date scheduled for mid-2023, according to documents submitted to the Texas Department of Licensing and Regulation. The two-story data centre is a pricey project with an estimated cost of $100 million.
The upcoming project includes new offices, a data hall and a generator yard. The data centre will be located at 14100 Park Vista Blvd in north Fort Worth. The property appears to be adjacent to the existing QTS Fort Worth — Dallas data centre.
The owner’s address matches that of QTS’s headquarters in the documents. The project is being designed by Corgan Associates. The upcoming facility is adjacent to the existing Facebook data centre in Fort Worth.
The move comes as the region gets more traction with the industry. North Texas climbed to No. 4 nationally last year from No. 10 as the area landed a more diverse line-up of customers, based on a key metric in the sector, according to CBRE, the Dallas-based commercial real estate firm. The surge came amid particular growth in the second half of 2021.
QTS, which is based in Overland Park, Kan., has data centres throughout the U.S., including Virginia, California and Arizona. Along with its existing location in Fort Worth, it also has a site in Irving, according to the website. According to the Dallas Business Journal research released last month, the company is ranked No. 3 in the Dallas region based on the square footage of local contiguous space for data centres.
A company spokesperson didn’t immediately respond to an email seeking comment.
QTS was taken private in a deal unveiled last year involving Blackstone in an agreement that had a valuation of roughly $10 billion.
Disclaimer: DATACENTRE.ME may not be held responsible or liable for the content or details within this news article.
For further information, please refer to the full details of this article via the original source here.