PLANO, Texas — Read this story and more North Texas business news from our partners at the Dallas Business Journal
Dallas-based Aligned Data Centers LLC recently filed plans with the city of Plano to construct a large new building in a move to expand upon its operations in North Texas.
According to city documents, the technology company aims to construct a two-story building on a lot spanning 44.3 acres on the west side of North Star Road located in East Plano. In addition to building a 450,000-square-foot center, a new electric substation on 3.4 acres is planned near the site.
The data center technology company now operates two buildings on Summit Avenue near Plano Parkway, just north of President George Bush Turnpike. One is 220,000 square feet and another is over 300,000 square feet.
In January, Aligned Data Centers announced the launch of new cooling technologies to support increased densities at its facilities. The company has operations in the U.S., Canada and parts of Latin America, including Chile, Mexico, Colombia and Brazil.
Demand for data centers in Dallas-Fort Worth has soared in recent years, and Dallas set a record in 2023 for 386 MW absorbed, which represents the capacity that was rented minus available capacity, according to an end of year report from commercial real estate firm Cushman & Wakefield. Vacancies for data center space also reached an all-time low of 3.73%, and more than 1.4 million square feet of data center projects were underway in DFW at the end of 2023.
Moreover, the construction of new data centers in North Texas, one of the country's largest data center markets, continues to grow. In November 2023, Dallas-based DataBank raised $533 million to support the construction of new data centers in the area. That transaction came on the heels of almost $1.6 billion in financing announced by DataBank earlier last year.
