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Kim Gatley
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enior Vice President & Director of Research at REOC San Antonio

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Microsoft buys nearly 160 acres in far West San Antonio for data center development

engin de chantier grosse roueMicrosoft Corp. has bought 158 acres of Texas Research Park14785 Omicron Dr, real estate controlled by the Texas Research & Technology Foundation. TRTF officials said the company plans to develop one of the largest data centers in the country at the far West San Antonio site.

While terms of the deal were not disclosed, the transaction is expected to provide a significant kick-start to TRTF’s broader plan to use proceeds from selling research park acreage to support the development of more early-stage biotech companies in the Alamo City.

TRTF President York Duncan, who confirmed closing the deal with Microsoft, characterized the value of the transaction as “substantial.”

Duncan said it was a “great deal for Microsoft and a great deal for the Texas Research Park.”

First American Commercial Property Group Partner Brodie Lawry and Dale Kane brokered the deal on behalf of TRTF.

Duncan said Redmond, Washington-based Microsoft plans to break ground in January 2016 on an eight-building data center development encompassing roughly 1.2 to 1.3 million square feet. Construction will consist of four phases stretched out over a five-year period. Work is expected to create as many as 900 construction jobs.

TRTF officials told the Business Journal in October that the organization’s leadership had determined the best use for the Texas Research Park was to sell the real estate and use that revenue to help grow San Antonio’s bioscience assets. Duncan said that after Microsoft’s purchase, there is still 450 acres available.

Click to read entire article: EXCLUSIVE: Microsoft buys nearly 160 acres in far West San Antonio for data center development (San Antonio Business Journal, 12-10-15)

 

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