PowerCampusTM Dallas is the first joint-venture project with Principal Asset ManagementSM, totaling up to one million square feet of data center space
DALLAS, TX / ACCESSWIRE / November 20, 2023 / Skybox Datacenters, an expert mission-critical data center developer, owner, and operator, announced today it has commenced the development of a new data center campus, PowerCampus Dallas, in partnership with developer Bandera Ventures and Principal Asset Management. The campus will boast up to 300 megawatts (MW) of power supported by a private onsite substation, with up to one million-square-feet of data center space. PowerCampus Dallas, located just south of the heart of downtown Dallas, is in one of the fastest-growing data center submarkets in the nation. The campus is surrounded by some of the strongest infrastructure in the region, providing seamless interconnections and unparalleled expansion capabilities.
The Dallas market is one of the nation's primary peering and interconnection hubs, featuring excellent proximity to cloud providers and exchanges as well as substantial network availability to major metros. In addition to Dallas's low energy costs and access to renewable power, PowerCampus Dallas is designed to allow users to benefit from available local and state tax incentives. Texas offers a state sales tax exemption on electricity or equipment for qualified data centers, reducing the cost for data center customers to deploy large-scale footprints in Texas.
PowerCampus is the latest product from Skybox Datacenters for large-scale data center assets tailored to hyperscale clients across major and emerging U.S. markets. PowerCampus Dallas will strategically address emerging high-density compute needs in the Dallas area providing up to 300 MWs of power.
'PowerCampus Dallas will raise the bar in the North Texas data center market and beyond,' says Rob Morris, CEO of Skybox Datacenters. 'This partnership brings together expertise in multiple disciplines that are critical for delivering significant capacity in this dynamic data center market.'
'The partnership with Skybox and Bandera continues Principal's long commitment to the data center sector,' said Ben Wobschall, managing director, real estate, Principal Asset Management. 'With over $3 billion committed to the data center sector over the past 17 years, we've been able to witness the evolution of the sector first-hand and are excited to utilize strategic partnerships like this one to drive continued success for our clients and customers.'
About Skybox Datacenters
Skybox Datacenters is a national data center developer, operator and owner headquartered in Dallas, Texas. With a customer-centric approach, Skybox delivers purpose-built, mission critical facilities for speculative, campus, powered shell, turn-key, and build-to-suit project capabilities through an active development and operations teams across the United States.
For more information, visit skyboxdatacenters.com
About Bandera Ventures
Bandera Ventures is a real estate development and acquisition firm based in Dallas, Texas. Founded in 2003 by Charles Anderson, Pryor Blackwell and Tom Leiser, the company was created to responsibly develop, acquire own and operate commercial real estate. The three founding principals are all former partners and senior executives at the Trammell Crow Company with over 100 years of combined commercial real estate experience. The partnership has recently expanded with the addition of Matt Ashbaugh. Bandera Ventures has developed and acquired 101 commercial projects since 2003 and has provided investment capital to a variety of projects and businesses. The partners' track record covers over 100 million square feet of development in excess of $10 billion.
About Principal Asset ManagementSM
With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for its clients. Its dedicated real estate investment team manages or sub-advises $95.5 billion in commercial real estate assets.1 The firm's real estate capabilities include both public and private equity and debt investment alternatives.
Principal Asset Management is the global investment solutions business for Principal Financial Group® (PFG), managing $506.9 billion in assets1 and recognized as a Top 10 'Best Places to Work in Money Management2' for 11 consecutive years. Learn more at www.PrincipalAM.com.
1 As of September 30, 2023
2 Pensions & Investments, 'The Best Places to Work in Money Management', among companies with 1,000 or more employees, December 2022.
SOURCE: Skybox Data Centers
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