A joint venture between Lincoln Property Company and Harrison Street announced the acquisition of a 190-acre site in the New Albany International Business Park to construct a multi-use technology and distribution park for data centers as well as industrial users and operators. The Silicon Heartland Innovation Park, adjacent to Intel’s planned 1,000-acre chip campus, is expected to accommodate the “rapid inflow of advanced manufacturing, hyperscalers and e-commerce businesses” resulting from Intel’s $20 billion investment here.
“New Albany is an exciting data center market with tremendous potential for digital infrastructure growth following Intel’s planned chip factory expansion,” said Michael Hochanadel, managing director and head of digital real estate at Harrison Street. “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.”
Silicon Heartland Innovation Park will provide access to recently expanded road systems, dual 345 KVA transmission lines, reliable electrical service, substantial water resources and a robust fiber network. The Park is also strategically located near Columbus’ John Glenn International Airport and the Central Ohio Transit Authority bus line, providing quick and easy transportation for employees, vendors and customers.
LPC’s Chicago-based Midwest team, will begin immediate construction on the first phase of the campus that will include a speculative 175,000 square foot, 32′ clear warehouse and a modern 446,000 square foot cross dock distribution building. Both buildings are expected to be completed in the second quarter of 2023.
Lincoln Rackhouse, the data center division of LPC, will immediately begin development of the campus which will include the construction of an on-site 200MVA, electrical sub-station. The campus can accommodate up to 1.2 million square feet and 144MW of critical load designed specifically for hyperscalers and other major operators.