Archer Datacenters has sold its stake in its first data center project in Tennessee and acquired land for a new site in Minnesota.

archer faribault MN
Archer's site plan for Faribault land – Archer Datacenters

First reported by Finance & Commerce, Archer Datacenters SPE2 LLC paid $4.5 million for the 87.6-acre property at 15339 Acorn Trail. The seller is Faribault-based PK LaRoche LLP.

The company confirmed the purchase on LinkedIn, saying the site is set to host 500,000 sq ft (46,450 sqm) of single-story data center capacity, with up to 120MW available through an on-site substation.

A site plan on Archer’s website suggests up to six buildings could be developed, ranging from 44,000 sq ft (4,085 sqm) to 107,000 sq ft (9,940 sqm). The company lists a 2025 availability date.

“After looking at numerous sites across the greater Twin Cities region, the Faribault site proved ideal for a number of reasons, perhaps most notably the reception of … the folks at the city, as well as the collaborative approach to power procurement that we are undertaking with Steele-Waseca Co-op Electric and Great River Energy,” Jordan Milman, chairman and CEO of Archer, told Finance & Commerce.

Up to 4MW will be available through on-site wind turbines, and the site reportedly has natural gas availability for a potential microgrid.

Faribault, in Rice County, is located along the southern border of central Minnesota, some 50 miles south of Minneapolis.

New York-based Archer was founded in 2018 and offers powered shell data centers.

In the same LinkedIn post, Archer said it had exited its inaugural project in the Gallatin area of Nashville, Tennessee.

Archer has been developing the Nashville site since at least 2019. The company partnered with Evoque on the site in 2022.

At the time of the partnership, the 28.5-acre campus at 1398 Gateway Dr featured an 82,000 square-foot (7,600 sqm) data center shell, with more than 40MW of available power. Brookfield-owned Evoque (since renamed Centersquare) said at the time that it aimed to expand the campus to 100+MW and more than 500,000 sq ft (46,450 sqm).

DCD has reached out for more information on the sale of the Nashville site.

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