US bank BNY has reportedly sold a data center site outside Pittsburgh, Pennsylvania.
CoStar reports that BNY (formerly Bank of New York Mellon/BNY Mellon) sold a vacant property in Freeport, Pennsylvania, to Chirisa Capital for $5.5 million, with Chirisa aiming to expand the data center site.
Chirisa has confirmed to DCD that Chirisa Technology Parks (CTP) acquired the property, at 182 Northpointe Blvd in Armstrong County, vacant from BNY Mellon with the intent to redevelop the existing data center and surrounding campus.
CTP expects to break ground on the development in early 2025 with up to 100MW of capacity available on an 18-24 month timeframe.
"CTP is focused on rapid delivery of large-scale high-density HPC/AI capacity for hyperscale customers," the company said. "The campus is well located between our existing campuses in Virginia and Illinois with abundant power and connectivity."
Built in 2006, the 71,000 sq ft (6,595 sqm) facility was one of the first data centers to be awarded an Energy Star certification in 2012. It's not clear when the bank exited the site, which also includes a 44,255 sq ft office building on the same parcel.
BNY Mellon previously sold a data center in New Jersey to Stro Companies that was converted into a warehouse.
Reports from 2008 suggested BNY had dropped plans to expand the Pittsburgh site and instead keep the New Jersey site open for longer.
Chirisa Investments set up Chirisa Technology Parks in late 2022 to focus on wholesale data centers. Chirisa also owns Digital Fortress, which offers retail colocation.
Chirisa Technology Parks owns sites across Virginia, Illinois, Washington, and New Jersey – it says it currently offers more than 1 million square feet (92,900 sqm) of data center capacity, with a pipeline of more than 1GW under development.
Digital Fortress operates sites in Seattle, Portland, and New Piscataway.