By BEX Staff for AZBEX
The Hermosa Ranch Technology Campus North master-planned area—a 234-acre location at the SWC of Avondale Blvd. and Lower Buckeye Road in Avondale that is planned for data center, restaurant and retail uses—is the site of a newly disclosed data center development from QTS Realty Trust.
Local news outlets report QTS—which is owned by Blackstone, Inc.—paid TGV Investments LLC (an entity of Rexco LLC) $246.8M for 206 acres on the site earlier this month.
TGV Investments secured a rezoning and general plan amendment for the Hermosa Ranch site in May. Avondale City Council also approved a final plat in June. The site lies in the Tres Rios Opportunity Zone.
The article identifies approximately 30 acres on the northeast section of the site to be used for supporting commercial purposes, including restaurants and retail. The data center will be situated on 212 acres.
QTS representatives said in a statement that the company looks forward to continuing its investment in the Phoenix area to meet customer demand. QTS currently has two data center projects under construction in Phoenix and a third in the design phase in Glendale.
