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QTS Realty Trust, a data center company, is making a $100 million investment to expand its presence in the AllianceTexas development in north Fort Worth.
The new two-story data facility, which will include new offices, a data hall, and a generator yard, will total about 472,000 square feet with plans to break ground next month. A tentative opening date has been set for the middle of 2023.
The Dallas Business Journal was the first to report the development, citing documents submitted to the Texas Department of Licensing and Regulation.
The project is being designed by Corgan Associates.
In addition to Fort Worth, QTS, a company headquartered in Overland Park, Kansas, has 28 data centers across the U.S. and the Netherlands, including Arizona, California, Florida, Georgia, and Kansas.
QTS also has a location in Irving.
Its footprint in North Texas is significant. According to the Dallas Business Journal, the company ranks third in the region based on square footage of local contiguous space for data centers.
QTS was taken private last August by Blackstone in a deal worth $10 billion.
“QTS aligns with one of Blackstone’s highest conviction themes — data proliferation — and the required investment makes it well suited as a long-term holding for our perpetual capital vehicles,” said Blackstone senior managing directors Greg Blank and Tyler Henritze at the time of the transaction. “We look forward to working with QTS and its world-class management team to further scale the business to meet the rising demand for data centers.”
QTS moved into Fort Worth with the purchase of 260,000 square feet from Health Care Services Corporation in 2017. That deal also came along with land for future expansion.