FORT WORTH, Texas — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
California-based technology company Google signed a lease for a 1.1-million-square-foot warehouse in west Fort Worth, according to commercial real estate data provider CoStar.
The warehouse is located in the 520-acre Majestic Silver Creek Business Park, at Silver Creek Road, directly west of Loop 820. The lease marks Google's second large lease in the area as the company plans to invest $1 billion in Texas this year to support cloud and data center infrastructure.
California-based Majestic Realty constructed the building last September, Cody Gibbs, director of market analytics for CoStar, wrote in an email to the Dallas Business Journal. Majestic, which also handles much of the real estate in the Fort Worth stockyards, announced the plans for the park in 2022. The park is about three miles from where Lockheed Martin assembles F-35 Lightning II fighter jets. Google and Craig Cavileer, executive vice president of Majestic, did not respond to requests for comment from DBJ.
Gibbs noted that Google (NASDAQ: GOOG) also signed a lease for more than 1 million square feet of space between two buildings in the massive Northlake 35 Logistics Park developed by Falcon Commercial Development and Clarion Partners in Denton County. The estimated $20.2 million project is registered as "Project Beast," under the Texas Department of Licensing and Regulation. The first phase of that project is expected to be completed in 2026, according to the filing.
"These two locations are anticipated to house data center materials as the company moves forward with plans to expand its existing data center campuses in Midlothian and Red Oak," Gibbs wrote.
Gibbs said the two leases are among the top five largest new leases signed in Texas since the start of the year. The most recent in west Fort Worth is the third largest behind two others in Houston.
The Dallas-Fort Worth area is a hub for data centers, accounting for about one-tenth of the market, second to Northern Virginia. According to analysis from commercial real estate firm Avison Young, the DFW market ranks No. 4 behind northern Virginia, Atlanta and Phoenix, and vacancy sits at 1.4%.
Meta's data center in Fort Worth's AllianceTexas, in the far northern portion of the city, was one of the top taxpayers in the county in 2023, contributing more than $994 million, according to the Tarrant Appraisal District.
