5 data centre 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

Town Lane, a real estate investment management firm, and PowerHouse Data Centres (“PowerHouse”), a leading real estate developer and owner of next-generation hyperscale data centres, and fully owned division of American Real Estate Partners (AREP), 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 centre 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 recognise the ongoing demand for digital infrastructure and that Charlotte has emerged as a compelling data centre 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.”

 

“We are proud to bring PowerHouse Charlotte to market with Town Lane as our partner and in lockstep with Duke Energy.”

Brian Katz, PowerHouse President & Co-founder, commented, “Our deep real estate relationships are foundational to PowerHouse’s success and instrumental in our ability to rewrite the data centre development playbook. We have a tremendous amount of respect for Town Lane and are thrilled to collaborate on our first project together.”

The site is conveniently located less than 10 miles from downtown Charlotte and has great access points due to immediate proximity to the nearby intersection of I-485 and Highway 49. The site will have access to 15 MW of bridging power in Q4 2026, given an existing adjacent substation, and has partnered with Duke Energy to build an additional substation on the site to deliver the incremental 500MW of power utilising Duke’s ability to deliver >50% renewable power given nuclear power generation.

Doug Fleit, PowerHouse CEO & Co-founder, added, “We are proud to bring PowerHouse Charlotte to market with Town Lane as our partner and in lockstep with Duke Energy. The site is ideally located with near-term power already secured, offering unparalleled opportunity, connectivity, and access to carbon-free power”.

Advisors: Simpson Thacher & Bartlett LLP is serving as legal counsel to Town Lane, and Arnold & Porter Kaye Scholer LLP is serving as legal counsel to PowerHouse. Eastdil Secured, LLC advised on the land sale.

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