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NEWS ROUNDUP

MARKET: Blue Owl launches infrastructure company to expand fiber network. Funds managed by Blue Owl Capital have launched Kirkwood Infrastructure Group, a new communications infrastructure company focused on developing and operating high-capacity fiber networks supporting hyperscale data centers, AI infrastructure and telecommunications carriers across the U.S. Led by CEO Scott Bergs, Kirkwood has integrated the operations of South Reach Networks, adding nearly 400 miles of fiber, connectivity to approximately 40 data centers, and access to key subsea cable landing stations in Florida.

DEVELOPMENT: QTS tops out first facility at $8 billion campus. QTS has topped out the first facility at its new nine-building data center campus in Rock Hill, South Carolina, marking a major construction milestone for the company's first facility in the state. Gilbane is serving as the project's builder. The first phase will include four buildings across 109 acres, while the second phase is expected to break ground in early 2027. The development is expected to support up to 1,000 construction jobs and 200 permanent on-site positions, while QTS's Data Center Academy will provide paid training opportunities for workers with no previous industry experience.

DEVELOPMENT: QTS abandons $100 billion data center project. QTS Realty Trust has officially abandoned the Prince William Digital Gateway, a proposed $100 billion data center campus in Prince William County, Virginia, after withdrawing its appeal to the Virginia Supreme Court. The planned 2,100-acre development would have included 37 buildings and 22 million square feet of data center space near Manassas National Battlefield Park, making it the largest data center complex ever proposed in the U.S.

M&A: Ares takes minority stake in Sabey. Ares Secondaries funds have made a minority equity investment in Sabey Data Center Properties, the data center platform jointly owned and governed by Sabey Corp. and National Real Estate Advisors. Tim Mirick, President of Sabey Data Centers, said the investment strengthens the platform's ability to execute its growth strategy, while Jeffrey Kanne, President and CEO of National Real Estate Advisors, highlighted Ares as an aligned institutional partner. Jamie Sunday, Co-Head of Real Estate Secondaries at Ares, pointed to Sabey's portfolio of predominantly investment-grade enterprise and hyperscale tenants and its sizable development pipeline as key attractions.

READ: Texas grid flags risks as data centers, crypto sites fail voltage tests.

DATA CENTER DEALMAKERS - PANELISTS ANNOUNCED

Join hundreds of data center developers, investors, hyperscalers, power providers, and brokers for a premier data center event in Atlanta on October 7th. Hear from senior execs from AWS, NTT, SilverSphere Capital, QII and more!

Secure your tickets here: Data Center Dealmakers Tickets

*Only a few Early Bird tickets remain at a $100 discount

DATA CENTER PROPERTY FOR SALE

Click on each photo for more information.

20,890 SF | NOI: $813,208 | Leased Until 2043 | Absolute NNN Lease | Asking Price: $11.95M

26,172 SF | Leased to 1 Tenant | 16.9 Years Remaining on Current Lease | NOI: $1,018,827 | Asking Price: $14.98M

ONE MORE THING

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