10MW Data Center from Bankruptcy for Sale in Fort Worth, Texas

Hilco_Real_Estate_Premier_Data_Center_Flex_Industrial_Building

Situated in Fort Worth, Texas, which according to the U.S. Census is the thirteenth most populated city in the U.S., a 48,980± square foot (4,550 square meter) data center built in 2018 and converted recently comes for sale due to bankruptcy. To participate in the bankruptcy sale process, prospective buyers should examine the bid procedures, which are available on Hilco Real Estate’s website.

This data center, built in 2018 and recently converted into a “state-of-the-art” data center boasting an electrical supply of 10 megawatts, has 22 drive-through doors, 2 loading docks, warehouse clear heights that range from 18 to 26 feet, and a “luxurious” two-story office with adaptable shared workplace. The warehouse area has an open, adaptable layout. The location provides 6.5 acres of extra land for future growth, a 5,000 square foot auxiliary storage warehouse that is currently leased to a trucking firm, and the opportunity to enhance the electricity supply.

The sale is being carried out in accordance with a court-approved order from the U.S. Bankruptcy Court Northern District of Texas (Ft. Worth), bankruptcy case number 22-42618-ELM11, in RE MKS Real Estate. On or before March 23, 2023, at 4:00 p.m. (CT), qualified offers must be received and must be presented on the authorized Asset Purchase Agreement in accordance with the bankruptcy court-approved bid guidelines, which are accessible for inspection and download on Hilco Real Estate’s website here.

Data Center Location

“We believe that this property will garner significant interest from both data center users, where recent demand has become almost insatiable, and a variety of last mile logistics users needing a facility in this area of explosive growth,” said Terry Rochford, Senior Vice President of Business Development at Hilco Real Estate. “Combine that with the certainty of the bankruptcy sale process, and you have a very compelling offering.”

AMR Corporation – American Airlines, Bank of America, Texas Health Resources, Baylor Health Care System, AT&T, Lockheed Martin Aeronautics, and JP Morgan Chase & Co. are a few of the numerous significant local, regional, and US wide employers in Tarrant County, where the data center property is located.

According to Hilco Real Estate, the population of Fort Worth has increased to about one million people as workers have flocked there to take advantage of the employment possibilities, and is expected to rise by 1.2% year through 2027. Alliance Texas, a 26,000-acre master-planned development that has become one of the main industrial cores of north Texas, is also located in the region. Alliance Texas is a prime area to live, work, and play because it has a variety of commercial, retail, medical, residential, and entertainment alternatives that are all strategically developed and seamlessly include greenspaces, stated Hilco Real Estate.

“The property is well positioned just eight miles south of Perot Field Fort Worth Alliance Airport, which is dedicated exclusively to air cargo, as well as the BNSF Alliance Intermodal Facility, which serves as one of the nation’s premier inland ports,” said Ben Zaslav, Director of Business Development at Hilco Real Estate. “Solid economic underpinnings and the unique transportation infrastructure provided by rail, road, and air have resulted in this area becoming a veritable magnet for businesses both large and small, as well as the people they employ.”