A new data center could come to Dallas, Texas.. Northampton Capital Partners has formed a joint venture with Provident Data Centers to develop a 54MW data center in the North Dallas Corridor in the Dallas-Fort Worth Metroplex.. – Thinkstock / Sean Pavone. According to the partners, the data center is expected to come online in late 2027.
The exact location of the proposed data center has not been disclosed.. In addition to the announced data center development, the companies also agreed to a framework to develop additional inference-ready data center sites in markets across the US.. Simpson Thacher & Bartlett LLP served as legal counsel to Northampton.
Haynes and Boone LLP served as legal counsel, while Citizens Capital Markets served as financial advisor, to Provident Data Centers.. Northampton describes itself as an alternative asset management firm focused on infrastructure investments in the middle market targeting the energy, digital, and other critical infrastructure sectors.
The company has approximately $1.1 billion of assets under management. Last year, the firm invested in Blueprint Data Centers, a Texas-based data center firm.. Provident Data Centers is the data center arm of the Dallas-based real estate development firm Provident, which was founded in 1991..
On its website, Provident lists projects in Grand Prairie, Fort Worth, Garland, Plano, and Austin, Texas, as well as Indiana, Alabama, Missouri, and Pennsylvania. It also lists three ‘legacy’ projects in Dallas and Richardson, as well as Albuquerque, New Mexico.. More in North America.
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