QTS Buys $154M of Land in Fayetteville for World’s Largest Data Center Campus
Overland Park, KS-based Quality Technology Services has acquired 615 acres in the Atlanta submarket of Fayetteville, GA for $153.8 million (approximately $250,000 per acre). QTS plans to develop the world’s largest multi-tenant data center campus on the property, according to the company.
Tim Huffman and Mike Lash of CBRE represented the seller, the Fayette County Development Authority, and procured the buyer.
Spread across multiple parcels, the sale of the site, which is located approximately 25 miles south of downtown Atlanta, represents one of the largest land deals executed in metro Atlanta this year, according to CBRE.
“The FCDA executed on an amazing strategy that will bring exceptional revenue benefits to the city and county and high-quality jobs for decades to come,” said Huffman. “GA continues to thrive as a premiere global data center market, and one of the key drivers for metro Atlanta is readily available access to reliable power and fiber connectivity.”
Atlanta is currently home to 249.5 megawatts of data center capacity, a 71.7-MW increase from H1 2021, according to a recent CBRE report. Atlanta’s data center market currently has just 3.6% vacancy.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.