Company set to take over planned 13-building campus from Atlas Development.
Logistics real estate giant Prologis is set to acquire land outside Atlanta, Georgia, earmarked for a massive data center campus.
BizJournal reports Prologis has agreed to buy the Project Sail site in Coweta County from Atlas Development LLC.
Atlas submitted a Development of Regional Impact (DRI) filing with the Georgia Department of Community Affairs for the campus in January. The campus would be built on 832 acres of land near the city of Newnan, 45 miles south of Atlanta in Coweta County. The site is adjacent to Welcome Sargent Road and Wagers Mill Road.
The companies told BizJournal that Prologis is purchasing the land from Atlas Development LLC for an undisclosed price and plans to be the developer. Terms of the deal have not been shared.
Each of the 13 data halls on the site will be 378,000 sq ft (35,117 sqm), giving it an overall footprint of 4.9 million sq ft (455,244 sqm). Atlas previously suggested the project could total an investment of $17 billion.
BizJournal said the campus could total up to 900MW at full build-out. The site is to be close to the Plant Yates gas power station; operated by Georgia Power, the plant is capable of producing 700MW.
The property is currently under contract. The closing is tied to getting the entitlements for the land, approval of the land-use plan, and sufficient electrical power, said JC Witt, senior vice president of data center investments at Prologis. No end user has been secured yet.
Logistics and industrial real estate giant Prologis began expanding into the data center sector during the Covid-19 pandemic. Many of the company’s data center developments to date have been focused on building out existing landholdings rather than acquiring new sites.
Prologis currently has 1.4GW of secured power for data centers in its pipeline, with another 1.6GW "in the advanced stages of procurement," the company has previously said. It claims it has another 1.5GW in the planning stage, and is targeting up to 10GW of capacity in the next ten years.
BJ notes that Prologis currently owns one data center in metro Atlanta; a 43,000 sq ft (3,995 sqm) colocation facility in the Norcross area that is occupied by Verizon.
Little information is available about Atlas, but the company is planning several large campuses in Georgia. Since news of Project Sail surfaced, the company has filed for two separate developments in Rome, Floyd County, and another 2.2 million sq ft, six-building campus in Bartow County, some 40 miles northwest of Atlanta. The company is also planning a 428-acre technology park outside Villa Rica, some 30 miles west of Atlanta.
Atlanta is becoming a major data center hub, with the likes of Digital Realty, CoreSite, Switch, Google, Microsoft, Flexential, H5, and QTS developing or operating data centers in the Atlanta area – largely around Lithia Springs or Douglasville. The Peach State looks set to grow quickly in the coming years. DRI applications for more than a dozen campuses, totaling tens of millions of square feet across dozens of buildings, have been filed over the last couple of years. While many are in Atlanta’s traditional data center heartland around Fulton County, applications have been filed for projects across the region.
