Town Lane and PowerHouse Data Centers Joint Venture Acquires Future Data Center Land Site in Charlotte, NC
09.05.24
This is only gets display when printing
Simpson Thacher represented Town Lane in the acquisition of a 122-acre developable land site in Charlotte, North Carolina via a joint venture partnership with PowerHouse Data Centers. The land site is the future home to PowerHouse Charlotte, a five-building, 2.5 million square feet data center campus that will have 300 MW, with the potential to increase to 500MW, of secured power by April 2027. Town Lane was founded in 2024 by Tyler Henritze and co-founded by Parker Morse after raising $1.25 billion of institutional investor capital targeting opportunistic returns for its inaugural real estate fund.
The Simpson Thacher team included Sas Mehrara, Sam Rudik, Avi Kaye, Ryan Kesselring and Helene Marie Snyder (Real Estate); and Nancy Mehlman and Jenna Al-Malawi (Tax).