Saturday, August 31, 2024

Microsoft buys more Mt. Pleasant tracts for data campus. Latest sites are north of Highway 11

From JSOnline:

Tom Daykin
Milwaukee Journal Sentinel

Microsoft Corp. is again expanding its Racine County data center campus with another farmland purchase in Mount Pleasant.

The software maker paid $5.73 million for 28.6 acres at 13231 Louis Sorenson Road. The seller was the Nancy Rothering Trust, according to a new deed posted online by the Wisconsin Department of Revenue.

That transaction was recorded on Aug. 29.

That follows an Aug. 16 purchase of a 1.4-acre lot and ranch house at 2615 S. U.S. Highway 41, near Louis Sorenson Road. Microsoft paid Barbara and Thomas Rinke $800,000 for that property.

The company has made a series of purchases since May, with several of those transactions recorded this summer.

Including the two latest purchases, they total 306.7 acres − with the company spending $55.1 million.

Those additional tracts will "support data center construction already underway in the area," said Bowen Wallace, Microsoft vice president of datacenters/Americas, in a July statement to the Milwaukee Journal Sentinel.

The company in December bought just over 1,000 acres of nearby farmland that's being developed for data centers. The three transactions totaled nearly $176 million.

The land purchases on Louis Sorenson Road are north of Durand Avenue/Wisconsin Highway 11. Most of Microsoft's development is initially planned for south of that highway.

Microsoft says it will spend $3.3 billion by 2026 to build the initial phase of its data center development. Much of the investment is driven by growing demand for artificial intelligence-related applications.

Tom Daykin can be emailed at tdaykin@jrn.com and followed on InstagramX and Facebook.

From: https://www.jsonline.com/story/money/real-estate/commercial/2024/08/30/microsoft-buys-more-racine-county-tracts-for-data-center-campus/75012686007/

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