represented both Stack and Sunbelt in the deal. Sunbelt had planned to build flex office buildings at the site before selling the land to Stack, Krison said. He said that Stack is looking to start work on the campus in early 2023 and that the contract for a builder is out to bid.
after purchasing 79 acres in Avondale to build a one-million-square-foot data center campus that has 150 megawatts of power. Known as PHXL1, the campus is located near Litchfield and Lower Buckeye roads.Data center developers and tenants have been attracted to the Phoenix market due to tax incentives, a lack of natural disasters, low latency, lower utility rates and a stable power grid, according to experts. Research from JLL said that new data center supply will be impeded by the availability of land and power in many major markets, which could drive expansion outside of traditional hubs.As of the first half of 2022, the Phoenix metro has about 544 existing megawatts of power across 6.3 million square feet of space with only 23.9 megawatts vacant.
Stack also has expansion expands in northern Virginia; Portland, Oregon and internationally in Germany, South Korea and Australia. close to the Loop 303 for a planned data center campus. The firm paid $255 million for the site.
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