Big Tech Race for Data Centres Drives up Land Prices

Big tech race for data centres drives up land prices

Data centre operators are paying a premium for land to build new facilities, in some cases paying double the average industrial land rate.

NOTABLE TRANSACTIONS: Data center developer acquires land in Altoona

A Denver, Colo.-based data center developer has acquired over 500 acres in Altoona south of Northeast 70th Avenue and about one-half mile west of Northeast 46th Street, Polk County real estate records show. The area was recently annexed into the city of Altoona. IALCO Polk County LLC, managed by Tract Capital, paid Bresson Real Estate Holdings LLC…