An affiliate linked to data center developer Stack is acquiring a large tract of land in southern Virginia.

The Danville-Pittsylvania Regional Industrial Facility Authority this week unanimously voted to approve an agreement to sell property at the Southern Virginia Megasite at Berry Hill to SAC III Acquisition.

SAC III is linked to Stack Infrastructure, with address listings for the former matching Stack’s official listed address. Virginia Business reports Stack has confirmed its involvement in a statement to the publication.

“Today’s agreement builds on Stack’s longstanding presence and continued investment in Virginia, a core market for our digital infrastructure portfolio,” the company said in a statement. “We are excited about the potential project opportunity in Danville and Pittsylvania County.”

VB reports SAC III has the option to purchase 2,990 acres. The purchase price was $238,000 per acre, so the deal could total $737.8 million. The property may be purchased in phases, with the first phase including at least 1,000 acres in a deal that must complete by June 2027: all phases must close by June 2031.

The deal is reportedly contingent on sourcing 299MW of grid capacity by the end of 2028 from Appalachian Power.

Stack could invest up to $73 billion into the site, according to VB, over a 30-year period.

Danville and Pittsylvania County are located on Virginia’s southern border with North Carolina, some 45 miles north of Greensboro.

The Southern Virginia Megasite at Berry Hill totals 3,528 acres, located along US Rt. 311. Lithium-ion battery separator firm Microporous is also developing in the park.

The largest possible contiguous parcel of 2,102 acres, with some 200 acres pad-ready on the corner of Oak Hill Road and Berry Hill Road that could accommodate some 4 million sq ft (371,612 sqm) currently. An additional 70-acre graded pad site is fully funded and under development.

Electrical service is provided through American Electric Power (AEP) via an existing new double-circuit 138kV substation that provides 100MW of immediately available power capacity.

The site is located next to a 125MW solar facility, with 55MW battery storage that has been approved and set to go live in 2027, and has direct access to the Williams Transco Pipeline via an existing gate station on-site.

In January, the Pittsylvania County board of supervisors and planning commission unanimously approved the creation of a new heavy industry zoning district, called M-SVMS, and applied it to the megasite, providing by-right zoning for industrial developments, including data centers.

After previously investing in T5, IPI launched Stack in 2019 after merging several T5 data centers with three Infomart facilities acquired the previous year into a new operator. Stack’s owner, IPI, was recently acquired by Blue Owl.

Today, the Stack has some 4GW in operation or development globally, with another 6GW planned in the future. Across the US, the company has data centers in Atlanta, Chicago, Dallas Fort Worth, New Albany, Northern Virginia, Phoenix, Portland, and Silicon Valley.

Stack currently lists six campuses in operation and/or development across Northern Virginia, totaling more than 700MW across around a dozen buildings. It announced plans for another 144MW campus in Loudoun County, Virginia, last year.

Stack is also currently developing a 500-acre, 1GW campus in Virginia's Stafford County. Last year also saw it file plans for a campus in Fredericksburg, Virginia.