Panattoni Is Latest Industrial Giant To Move Into Data Centers

  • 8/5/2024

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Bisnow

Panattoni Development is looking to start developing data centers, the firm announced Thursday. The developer is seeking to capitalize on the real estate demand coming from companies seeking data center space for machine learning tech, generative AI and cloud computing, The Wall Street Journal reported.

The Irvine, California-based company plans to develop a gigawatt of data center capacity over the next five years, which is enough to power roughly 876,000 homes.

“You want to be where the customer is, and right now the customer wants to be in the data center world,” Doug Roberts, president of Panattoni’s North American development group, told the WSJ.

Panattoni
Adam Kramer | Partner, North American Data Center Group

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