Thursday, September 12, 2024

Microsoft continues amassing Racine County site. Latest buy includes $43 million for 160 acres

From JSOnline:

Tom Daykin
Milwaukee Journal Sentinel

Microsoft Corp. has made one of its largest ever Racine County land purchases − adding 160.3 acres to a site it's amassing north of its Mount Pleasant data center campus.

The software developer bought five parcels, at 12123 Louis Sorenson Road, from Peter Zenner Family Farm LLC for $43,462,548.

Also, Microsoft bought 5.9 acres, at 12800 Louis Sorenson Road, from Randall and Louise Borgardt for $7,339,000.

That's according to deeds posted online Thursday by the Wisconsin Department of Revenue.

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

The Zenner and Borgardt transactions come one week after Microsoft bought 1 acre, at 12827 Louis Sorenson Road, from Ronald C. Smith for $900,000.

The purchases now total 473.9 acres − with the company spending $106.8 million, according to deeds.

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/2024/09/12/microsoft-pays-43-million-for-160-acres-near-wisconsin-data-center/75191705007/

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