Prologis, a leading global real estate investment trust (REIT) specializing in logistics and industrial properties, has recently expanded its footprint into the data center sector. The company has announced plans to acquire the Project Sail data center site located in Coweta County, Georgia, approximately 45 miles south of Atlanta. This acquisition aligns with Prologis’ strategic initiative to diversify its portfolio and capitalize on the growing demand for data storage and processing facilities.
Overview of Project Sail
Project Sail is a proposed $17 billion data center campus envisioned by Atlas Development LLC. The project plans to develop a 13-building complex, each spanning 378,000 square feet, totaling over 4.9 million square feet. Situated on an 832-acre site near Newnan, Georgia, the campus is strategically located adjacent to Welcome Sargent Road and Wagers Mill Road. Each building is designed to accommodate 72 megawatts of power, culminating in a total capacity of 936 megawatts. The project is projected to generate nearly $1.6 billion in annual tax revenue upon its completion by the end of 2036. (datacenterdynamics.com)
Prologis’ Strategic Acquisition
Prologis’ decision to acquire the Project Sail site is part of its broader strategy to enhance its data center portfolio. The company has outlined plans to develop 10 gigawatts (GW) of data centers over the next decade, reflecting a significant commitment to the sector. As of early 2025, Prologis has secured 1.4 GW of power for data centers in its pipeline, with an additional 1.6 GW in advanced stages of procurement. The acquisition of the Project Sail site will substantially contribute to these ambitious growth targets. (datacenterdynamics.com)
Implications for the Atlanta Data Center Market
The Atlanta metropolitan area has emerged as a prominent hub for data center development, driven by the escalating demand for cloud services, artificial intelligence, and big data analytics. The Project Sail campus, with its substantial scale and capacity, is poised to further solidify Atlanta’s position in the data center industry. Prologis’ involvement is expected to attract additional investment and foster competition, potentially leading to enhanced infrastructure and service offerings in the region.
Conclusion
Prologis’ acquisition of the Project Sail data center site represents a strategic expansion into the rapidly growing data center sector. By leveraging its expertise in large-scale industrial real estate development, Prologis aims to meet the increasing global demand for data storage and processing capabilities. The Project Sail campus is set to be a cornerstone of this initiative, contributing significantly to the technological infrastructure of the Atlanta area and beyond.
Stock market information for Prologis Inc (PLD)
- Prologis Inc is a equity in the USA market.
- The price is 104.185 USD currently with a change of -0.48 USD (-0.00%) from the previous close.
- The latest open price was 104.77 USD and the intraday volume is 825686.
- The intraday high is 108.7 USD and the intraday low is 103.86 USD.
- The latest trade time is Thursday, May 22, 14:46:08 UTC.
