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Google Signs 1.1 Million-Square-Foot Lease in North Texas, Expands Data Center Presence

Google, the California-based tech giant, has secured a lease for a massive 1.1-million-square-foot warehouse in west Fort Worth, Texas,

Tabitha S. by Tabitha S.
October 9, 2024
in Technology, Business, Top News
0
Google Signs 1.1 Million-Square-Foot Lease in North Texas, Expands Data Center Presence

MOUNTAIN VIEW, CALIFORNIA - AUGUST 13: The Google logo is displayed in front of company headquarters during the Made By Google event on August 13, 2024 in Mountain View, California. Google announced new Pixel phones, watches and AI features at the event. (Photo by Justin Sullivan/Getty Images)

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Google, the California-based tech giant, has secured a lease for a massive 1.1-million-square-foot warehouse in west Fort Worth, Texas, according to data from commercial real estate provider CoStar. This marks one of the top five largest new leases in Texas this year, highlighting Google’s significant investment in the region.

The newly leased warehouse is situated in the expansive 520-acre Majestic Silver Creek Business Park, just west of Loop 820 on Silver Creek Road. This move represents Google’s second major real estate acquisition in the area as part of its broader $1 billion investment plan in Texas to bolster its cloud services and data center infrastructure.

Google’s lease for this 1.1 million-square-foot industrial building in Fort Worth, Texas, began Oct. 1. (CoStar)

The warehouse, built last September by Majestic Realty, a major player in Fort Worth’s commercial real estate, adds to Google’s growing footprint in the region.

Majestic Realty also manages a large portion of the real estate in the Fort Worth stockyards and initially announced its plans for the Silver Creek Business Park in 2022. Located just three miles from Lockheed Martin’s F-35 fighter jet assembly plant, the business park’s strategic location offers easy access to critical infrastructure.

In addition to the Fort Worth lease, Google has signed another major lease for more than 1 million square feet across two buildings at Northlake 35 Logistics Park in Denton County. Developed by Falcon Commercial Development and Clarion Partners, the Northlake project, referred to as “Project Beast,” is a $20.2 million venture, with completion of its first phase slated for 2026.

These newly leased spaces are expected to house essential materials for Google’s expanding data centers, with a particular focus on supporting its campuses in Midlothian and Red Oak. According to CoStar’s director of market analytics, Cody Gibbs, these two recent leases are among the largest real estate deals in Texas this year, with the Fort Worth lease being the third-largest behind two in Houston.

The Dallas-Fort Worth (DFW) area has emerged as a prominent hub for data center operations, accounting for about 10% of the national market, second only to Northern Virginia. DFW ranks as the fourth-largest data center market in the U.S., behind Northern Virginia, Atlanta, and Phoenix. With a vacancy rate of just 1.4%, the region’s growing prominence in the tech industry is drawing significant attention from global players like Google and Facebook.

In fact, Facebook’s data center in AllianceTexas, located in northern Fort Worth, is one of the largest in the area and is among the top taxpayers in Tarrant County. In 2023, its property and business personal property were valued at nearly $1 billion, making it the fourth-highest taxpayer in the county.

Google’s ongoing expansion in Texas underscores the state’s importance as a hub for technology and innovation, positioning the company for long-term growth in the data center sector.

Tags: #MadeInTexas#movingtotexasbusinessGoogle lease Texas
Tabitha S.

Tabitha S.

As a native Texan, I am passionate about covering the news that impacts our lives in Texas. Community and family is what is important at the Texas Insider, we strive to deliver comprehensive stories by examining history and presenting the full picture.

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