Serverfarm, a global data center developer and operator, has acquired two data center campuses in Houston, Texas.
The acquisition – funded with equity commitments from Manulife Investment Management – marks the company’s entry into the Texas market expanding its colocation capabilities across the US.
HOU1 and HOU2 will rapidly scale to address the underserved, high demand Houston market with hyperscale data center capacity. The first phase of one campus is pre-leased to a large customer, with both campuses attracting intense interest from hyperscalers and other technology companies.
“Our entry into Houston is our largest data center investment to date, demonstrating our continued focus on serving our customers’ needs,” said Avner Papouchado, CEO, Serverfarm.
Serverfarm’s HOU1 data center facility has a current capacity of 350,000 sq ft with line-of-sight of 410MW of customer capacity. The HOU2 data center campus spans across nearly half a million sq ft in two buildings with secured customer capacity to scale to 100MW using available, existing grid power. Serverfarm’s phased development plan for the sites is focused on maximizing capacity within the existing data center building shells prior to future expansion.
The sites have a combined acreage of 250 acres and both campuses have on-site substations with unused available capacity uniquely positioning Serverfarm to serve the Houston metro at a scale previously unseen.
“This acquisition represents a transformational opportunity for Serverfarm and demonstrates its strong development capabilities and ability to provide speed-to-market to hyperscale customers in prime metro locations” said Recep Kendircioglu, Global Head of Infrastructure, Manulife Investment Management.
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