PART OF A 190-ACRE TECHNOLOGY PARK

Lincoln Rackhouse, the data center division of Lincoln Property Company (LPC), is set to build a new data center campus on a 190-acre site in New Albany, Ohio.

As planned, the new campus will accommodate up to 1.2 million square feet of data center space and support 144MW of critical load. Also, the development of this campus will include the construction of an on-site 200MVA power sub-station.

“Qualified ‘powered’ data center sites are becoming increasingly difficult to find in Tier 1 data center markets such as Northern Virginia and Chicago. The location in New Albany, Ohio offers the perfect environment for the next phase of large hyperscale and colocation growth,” said Martin Peck, Executive Vice President of Lincoln Rackhouse.

The 190-acre site has just been acquired by a joint venture between investment management firms Lincoln Property Company (LPC) and Harrison Street, collectively planned for the development of the “Silicon Heartland Innovation Park”, a multi-purpose technology and distribution park designed for data center and industrial users and operators.

“Silicon Heartland Innovation Park will offer everything an industrial or data center user will need: an ideal location, expansive talent pool, and state of the art features needed to run a successful operation,” said Dan Reidy, Vice President of Lincoln Property Company.

“New Albany is an exciting data center market with tremendous potential for digital infrastructure growth following Intel’s planned chip factory expansion. This project is consistent with Harrison Street’s digital investment strategy and ability to identify strategic sites for data center development in attractive markets with strong demand for increased connectivity options,” said Michael Hochanadel, Managing Director and Head of Digital Real Estate at Harrison Street.

As announced, LPC has secured a 15-year, 100 percent real estate tax abatement, and its Chicago-based Midwest team will begin immediate construction on the first phase of the campus that will include a speculative 175,000 square foot warehouse and a 446,000 square foot cross dock distribution building, both expected to be delivered in the second quarter of 2023.