Tract Announces Acquisition of 1,200 Acres in Hanover County, VA
08 Mayo 2024 - 8:05AM
Tract, the trusted partner for planning responsible technology
infrastructure, today announced the acquisition of 1,200 acres in
Hanover County, VA. Zoning and entitlements for the site were
approved unanimously by both the Hanover County Planning Commission
and Board of Supervisors earlier this year. At full build, Tract’s
Hanover Technology Park will support up to 2.4 GW of power capacity
with Tract targeting site energization in 2028.
“The US economy’s demand for services provided from data centers
continues to grow. We worked with the State of Virginia and Hanover
County to responsibly site this project in an area planned for
light industrial uses to maximize community benefits and minimize
impacts to neighbors,” said Grant van Rooyen, CEO of Tract. “The
public process made our application better, enabling a thoughtful
investment that will bring tax revenue, hundreds of high-paying
jobs for Hanover County and attract other technology businesses to
the region.”
According to the Virginia Economic Development Partnership,
Virginia hosts the largest data center market in the world with
over 35% of all known hyperscale data centers worldwide. “We have
demonstrated that the right tax and regulatory policies combined
with investments into business ready sites attract dynamic
businesses that help power Virginia’s economy,” explained Governor
Glenn Youngkin. “Our administration and the Virginia Economic
Development Partnership have been engaged with Tract for some time
and are excited to welcome their commitment and investment in the
Commonwealth to complement our efforts to attract responsible data
center development.”
Virginia’s success in hosting a premiere data center hub has
also provided lessons on how to align the interests of developers,
host communities, neighbors and the environment. “Tract took a
proactive and cooperative approach throughout the rezoning
process,” said John Budesky, Hanover County Administrator. “They
showed interest in being a good neighbor by engaging with the
community and adapting their plans to address residents’ concerns.
We value Tract’s investment in Hanover County and look forward to
partnering with them on this project.”
Tract is engaged in permitting activities for the initial
horizontal development, which it expects will commence within the
calendar year. Tract and Dominion Energy have already ordered long
lead equipment for the initial substation and power for bridging
purposes is expected as early as 2026. The Timmons Group and
Hirschler Fleischer, PC supported Tract in the entitlements and
transaction process.
Tract currently owns or is under contract on more than 20,000
acres across the United States which are in various stages of
rezoning, design and horizontal construction.
About Tract:
Tract is the trusted partner for accelerating responsible
technology infrastructure. We create opportunities that bring
economic development to communities.
As technology becomes a larger part of our lives and economy,
Tract provides master-planned data center parks to facilitate speed
and certainty in developing new data center capacity. We work with
hyperscalers and operators, local communities, landowners, and
energy companies to incorporate long term planning and scaled sites
in a way that streamlines development cycles and benefits all
stakeholders.
We believe that master planned development projects must be
strategically coordinated with long-term vision and commitments.
Our team brings together curated, operational capabilities and
essential expertise in planning, development, energy, digital
infrastructure, and real estate to achieve end-to-end coordination
with our partners.
Tract is headquartered in Denver, CO, and works with communities
across the U.S.
Tract. Accelerating Responsible Infrastructure
Heather Stafford
Tract
443-848-8617
heather@jones-dilworth.com