Golden Acquisitions to Develop AI Data Center in Memphis for Oracle Partner The STEM Practice

Golden Acquisitions to Develop AI Data Center in Memphis for Oracle Partner The STEM Practice January 15, 2026 A strategic real estate acquisition in Memphis, Tennessee, underscores the accelerating trend of repurposing existing infrastructure to meet the surging demand for distributed, AI-optimized computing capacity. This move highlights how specialized partners are leveraging major cloud platforms to build localized, sovereign AI infrastructure. Real estate investment firm Golden Acquisitions, through its affiliate 1341 Sycamore View LLC, finalized the purchase of a property at 1341 Sycamore View Road in late December 2025. The firm plans to develop a modular AI data center on the 1.5-acre site for The STEM Practice, a company specializing in Oracle Cloud Infrastructure. The existing four-story, 38,500-square-foot building, constructed in 1983, is slated for conversion. Nate Golden, owner of Golden Acquisitions, explained the site's appeal, stating, "It already had all of the backup utility in place, and it checked all those boxes." Under the planned arrangement, Golden Acquisitions will manage the building and its operations, Oracle will provide the servers, and The STEM Practice will sell the computing capacity. The first phase of the project is targeted to go live by May 2026, with the site having a potential full build-out capacity of 9 megawatts. The transaction, reported by local business journals, involved Cathy Anderson of Crye-Leike Real Estate Services representing the seller, DNBC Holdings LLC. Property records indicate the 1.6-acre parcel was previously purchased for $1.2 million in 2011. The building was most recently occupied by Stanley Security, which operated a monitoring center there after acquiring former tenant SentryNet in 2015. On LinkedIn, Nate Golden noted the Memphis location is one of four planned Tennessee data centers set to open concurrently, emphasizing, “Our focus is delivering modular, efficient, scalable infrastructure aligned with sovereign AI requirements.” The STEM Practice, founded by former Oracle Cloud Infrastructure executive Bernie Alen, aims to build a distributed "AI Inference Grid" using Oracle's Distributed Cloud (OCI). The company claims to have 231 sites "in progress" on its website, seeking to transform underutilized facilities into AI-ready hubs. This development reflects a broader industry shift towards edge and regional data center deployments, driven by the need for low-latency AI inference and data sovereignty concerns. Partnerships between cloud providers, specialized operators, and real estate investors are becoming a key model for rapidly scaling this next-generation infrastructure footprint. Source: datacenterdynamics