1547 Realty Adds to East Coast Data Center Property Offerings with Land Acquisition Targeted for Hyperscale Data Center Development
fifteenfortyseven Critical Systems Realty (1547), and Green Fig Land Company (GFLC) acquire parcel of over 100+ acres of land to develop, build and invest in a data center project designed with initial capacity for up to 2 million square feet of space and 150 MW of available utility power
MATAWAN, NEW JERSEY – August 30, 2022 – fifteenfortyseven Critical Systems Realty (1547), a leading developer, operator, and owner of highly-interconnected, custom-designed data centers in North America and Europe, has partnered with real estate development firm, Green Fig Land Company (GFLC), to acquire a parcel of over 100+ acres of land to develop, build and invest in a data center project designed with initial capacity for up to 2 million square feet of space and 150 MW of available utility power and with additional 140 MW to be available during build out.
Located in Chester County, Pennsylvania, the 100+ acre land parcel is zoned for data centers and microwave towers. GFLC has obtained a zoning approval through East Whiteland Townships Board of Supervisors to construct two data centers of approximately 1,000,000 square feet for a total of 2,000,000 square feet on the center lots. Adjacent property is available for development of up to 5,000,000 square feet of data center buildings.
“The demand for hyperscale and enterprise data center space and access to power continues to grow at an exponential rate. 1547 is focused on identifying and developing key markets with proximity to the network to serve as edge deployments in highly populated geographies,” adds J. Todd Raymond, CEO of 1547. “We have seen the success of partnering with local and state governments throughout our portfolio, including our partnership with Rockland County, where our flagship data center in Orangeburg, New York is located, which has attracted Fortune 100 companies and large hyperscalers, since space and power are immediately available along with the proximity of connectivity to facilities in Manhattan. This saves our customers millions of dollars in tax incentives and creates long-term partnerships that scale as their data center needs grow.”
Charles Lyddane, Managing Partner of GFLC states, “We at Green Fig have spent three years working with the legislature to enact a bill to eliminate the sales tax on data center equipment in Pennsylvania. With access to Tier 1 carriers like Arelion, Lumen, and Windstream, PA is the ideal location for an additional data center cluster sitting between markets like NJ/NY and Ashburn.” He added, “With 150 MW of power and 140 more MW being added during the build out, abundant free cooling, no tornadoes or floods, we have an unbeatable site.” GFLC is also working on a dedicated, sustainable power generating facility on site, which would sell power to the project behind the meter.
Looking forward, 1547 Realty will be meeting with existing customers to gather insights as it proceeds with development plans for the ideal build-to-suit data center design to create a hyperconnected campus. 1547 and GFLC offer their customers, partners and prospects the unique opportunity to develop under the new zoning and tax abatement programs passed in June 2021 which affects all new construction and development projects. All new data center and hyperscale customers will benefit from the increased cost savings due to the new sales tax exemption on data center equipment.
For more information about 1547 visit: www.1547realty.com.
# # #
About fifteenfortyseven Critical Systems Realty, LLC
fifteenfortyseven Critical Systems Realty (“1547”) is a leading developer, operator, and owner of highly-interconnected, custom-designed data centers with over 1.1 million square feet of data center space under management throughout North America and Europe. 1547 selects sites, designs facilities, and manages developments to optimize returns for all stakeholders across new and interconnected properties. With interconnection in the company’s DNA, 1547’s connectivity-focused portfolio of data centers includes carrier hotels and core connectivity hubs designed to deliver customized mission-critical solutions from concept to connection. To learn more about fifteenfortyseven Critical Systems Realty, please visit: https://1547realty.com/.
About Green Fig
The Green Fig partners have a long history in land development and construction of office buildings, specialized industrial buildings and very large-scale adult living facilities in Arizona, Pennsylvania, Texas, Illinois, and Florida.
|
Share on Twitter | Share on Linkedin | Share on Facebook Media Inquiries: Taylor Terlizzi |
PR Archives: Latest, By Company, By Date