Property firm McKnight Development has set up a subsidiary to develop data centers.
The company has formed H5 Colo and is reported to be developing 50,000 sq ft of data center space in a 220,000 sq ft site in Dallas, Texas. $4 million has already been spent with another $4 million currently being invested in the project which is expected to be completed in six months.
The $30 million site was formally a credit card processing center for J.C. Penney said the Dallas Business Journal.
The company has formed H5 Colo and is reported to be developing 50,000 sq ft of data center space in a 220,000 sq ft site in Dallas, Texas. $4 million has already been spent with another $4 million currently being invested in the project which is expected to be completed in six months.
The $30 million site was formally a credit card processing center for J.C. Penney said the Dallas Business Journal.