Data Center View - June 12, 2025 - Arizona Land Consulting eyes 1.5GW data center

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NEWS ROUNDUP

DEVELOPMENT: Arizona Land Consulting eyes 1.5GW data center. Arizona Land Consulting (ALC) is planning a 1.5GW data center campus on 2,000 acres west of Phoenix in Buckeye, Arizona. The project is backed by Chamath Palihapitiya, CEO of Social Capital, though his specific investment role remains undisclosed. Anita Verma-Lallian, CEO of ALC, estimated a full build-out cost of $25 billion. She noted that while early estimates suggest capacity could exceed 1GW, final figures will depend on the project’s design and planning phases.

DEVELOPMENT: Aligned Data Centers acquires portion of an industrial park for potential data center project. Aligned Data Centers has acquired part of the 2,500-acre Conesville Industrial Park in Coshocton County, Ohio, from the Frontier Group of Companies (FGC), with plans to potentially develop a data center campus on the former American Electric Power site. The deal marks Aligned’s second brownfield redevelopment project in Ohio.

DEVELOPMENT: Blue Owl, Chirisa, and PowerHouse close $750 million tranche for AI data center campus in Virginia. Blue Owl Capital, Chirisa Technology Parks (CTP), and PowerHouse Data Centers have closed a $750 million transaction as part of their joint venture to develop AI and HPC data centers, with up to $5 billion in total capital earmarked. The partnership, launched in August 2024, is centered around building next-gen infrastructure for CoreWeave and other hyperscale customers. Construction is already underway at CTP’s 350-acre Chesterfield, VA campus, with an initial 120MW of capacity scheduled for delivery in 2025 and 2026. “This next stage of the partnership represents another groundbreaking transaction focused on rapidly delivering large scale capacity for the AI ecosystem,” said Lee Hayes, President & CEO of CTP. Doug Fleit, CEO of PowerHouse, emphasized the group’s mission to build scalable, sustainable infrastructure, while Marc Zahr, Global Head of Real Assets at Blue Owl, called the tranche a “pivotal milestone” in their $5 billion initiative.

FUNDRAISING: Lancium’s Abilene data center secures $11.6 billion. Lancium’s AI data center in Abilene, Texas, has received $11.6 billion in funding from a coalition that includes Primary Digital Infrastructure (PDI), an AI infrastructure firm, and an alternative asset manager. The investment will support the construction of six new buildings, expanding the site to eight total and scaling its capacity to 1.4 gigawatts. Phase one—comprising two buildings and over 200MW—broke ground in June and is expected to go live later this year. Phase two, which began in March, will deliver the remaining 1.2GW by mid-2026.

FUNDRAISING: GridCARE exits stealth with $13.5 million raise. GridCARE has emerged from stealth with a $13.5 million oversubscribed seed round led by Xora, with backing from Aina Climate AI Ventures, Sherpalo Ventures, Breakthrough Energy, and others. The company aims to cut the time it takes for data centers to access grid power—reducing timelines from years to as little as 6–12 months. Founded by Amit Narayan and incubated at the Stanford Sustainability Accelerator, GridCARE uses generative AI to identify available capacity on the existing grid, enabling faster utility coordination for hyperscale and AI infrastructure developers. The company has already partnered with major U.S. utilities including Portland General Electric and Pacific Gas. Larry Bekkedahl, SVP at Portland General Electric, said GridCARE’s tools allow them to “make more informed and faster decisions” in deploying large-scale power infrastructure. Co-founders include Stanford’s Ram Rajagopal, Liang Min, and Arun Majumdar, adding academic and energy sector depth to the venture.

READ: Data center REITs attract capital with high value and low cap rates.

DATA CENTER PROPERTY FOR SALE 

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2.06 Acres | 10,608 SF | Currently Vacant | Built in 1996

49,673 SF | 12.45 Acres | Former Tier II Data Center | 1MW Power Capacity with Ability to Expand | Price: $1,950,000

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