JV Acquires 190 Acres for Data Center and Industrial Campus

COLUMBUS, OH – A joint-venture partnership between Lincoln Property Co. and Harrison Street has acquired a 190-acre land site in New Albany, OH for the development of a multi-use technology and distribution park.

The campus, known as Silicon Heartland Innovation Park, will be designed for data center and industrial users and operators.

In order to accommodate a wide range of uses and industries, including technology, life sciences, advanced manufacturing and e-commerce, LPC has secured a 15-year, 100% real estate tax abatement, with general employment zoning.

LPC’s Midwest team will immediately commence construction on phase one of the campus, which will include a speculative 175,000-square-foot, 32-foot clear warehouse and a modern 446,000-square-foot cross-dock distribution building. The buildings will feature ample parking and are expected to delivered in Q2 2023.

LPC’s data center division, Lincoln Rackhouse will immediately begin development on the data center campus, which will include an on-site 200MVA, electrical sub-station. The data center campus will accommodate up to 1.2 million square feet and 144MW of critical load, designed specifically for hyperscalers and other major operators.

“Silicon Heartland Innovation Park will offer everything an industrial or data center user will need: an ideal location, expansive talent pool, and state of the art features needed to run a successful operation,” states Dan Reidy, VP of LPC.

Situated directly adjacent to Intel’s recently announced $20 billion, 1,000-acre chip campus, Silicon Heartland Innovation Park will offer access to recently expanded road systems, dual 345 KVA transmission lines, electrical service, water resources and an abundant fiber network. The innovation park is located near Columbus’ John Glenn Airport and the Central Ohio Transit Authority bus line.

The Columbus, OH suburb of New Albany is currently experiencing a rapid inflow of advanced manufacturing, hyperscalers and e-commerce businesses.

“New Albany is an exciting data center market with tremendous potential for digital infrastructure growth following Intel’s planned chip factory expansion,” says Michael Hochanadel, managing director and head of digital real estate at Harrison Street. “This project is consistent with Harrison Street’s digital investment strategy and ability to identify strategic sites for data center development in attractive markets with strong demand for increased connectivity options.”

“Qualified ‘powered’ data center sites are becoming increasingly difficult to find in Tier 1 data center markets such as Northern Virginia and Chicago. The location in New Albany, OH offers the perfect environment for the next phase of large hyperscale and colocation growth,” says Martin Peck, EVP at Lincoln Rackhouse.

JLL’s Columbus-based team will assist in marketing Silicon Heartland Innovation Park. JLL’s Brian Marsh will focus on the industrial facilities and Dan Wendorf will assist with the data center facilities.