Top 10 Data Center Deals & Developments — Week of 2026-07-06
Week of 2026-07-06 · Published July 10, 2026
Market Context
The data center sector continues to see unprecedented capital inflows as of July 2026, driven primarily by the urgent infrastructure requirements of generative AI and large-scale cloud deployments. This week's activity highlights a strategic shift toward massive campus investments in secondary markets and multi-billion dollar equity buyouts in core hubs like Northern Virginia to secure power-ready capacity.
Rankings
Digital Realty / Blackstone Buyout - Northern Virginia
$3.5B · 288MW · Northern Virginia
Digital Realty acquired Blackstone's 64% stake in three fully leased hyperscale data centers in Manassas and Sterling, valuing the assets at $7.8 billion. The deal secures 288 megawatts of capacity in the world's most competitive data center market at a 6.5% stabilized cap rate.
Amazon Montgomery County Campus - Missouri
$10B · Multi-Phase · Montgomery County, MO
Amazon announced a massive $10 billion investment for a new state-of-the-art campus in Montgomery County, marking a major expansion into the Midwest. The project aims to meet rising AI demand while creating 400 direct high-tech jobs.
Google Texas AI Infrastructure Expansion
$40B · 6,200MW Power Commit · Texas
Google is committing $40 billion through 2027 for new data centers in Armstrong and Haskell Counties to bolster its AI capabilities. The plan includes over 6,200 megawatts of renewable energy capacity via new power purchase agreements.
Digital Realty Hyperscale Development Fund
$3.25B Equity · Tier I Markets · National
Digital Realty closed a $3.25 billion fund specifically targeting hyperscale development in Tier I markets such as Northern Virginia, Dallas, and Santa Clara. The capital will be deployed to develop power-dense facilities optimized for AI workloads.
Equinix DA12 Campus Development - Dallas
$835M · 372,517 SF · Dallas, TX
Equinix is advancing the construction of DA12, a $835 million four-story facility in West Dallas. Spanning over 370,000 square feet, the project is part of a broader push to increase interconnection capacity in North Texas.
Microsoft Ohio Hyper-Campus Phase II
$2.1B · 150MW · New Albany, OH
Microsoft has broken ground on its second phase of development in Central Ohio, aiming to double its regional footprint. This expansion is critical for Azure's AI cloud services distributed across the Eastern U.S.
Meta AI Research Center Expansion - Georgia
$1.5B · 250,000 SF · Newton County, GA
Meta has filed permits for a significant expansion of its Newton County campus to include liquid-cooled server rooms. The facility will specifically house next-generation H100/H200 GPU clusters for LLM training.
Vantage Data Centers Phoenix II Launch
$1.2B · 160MW · Goodyear, AZ
Vantage officially commissioned the first building of its second Phoenix-area campus this week. The site benefits from Arizona's favorable tax climate and significant fiber density.
CoreWeave GPU-Cloud Lease - Reno
500,000 SF · 100MW · Reno, NV
Specialized AI cloud provider CoreWeave has secured a long-term lease for a 500,000-square-foot facility to house massive GPU deployments. The location offers low-latency access to West Coast tech hubs.
Iron Mountain Chicago-2 Expansion
$450M · 36MW · Des Plaines, IL
Iron Mountain announced the completion of its latest data hall in the Chicago market, which was 100% pre-leased to a confidential financial services client. The development emphasizes the shift toward high-security colocation for regulated industries.
Side-by-Side Comparison
| Rank | Deal / Project | Size / Power | Tenant / Buyer | Source | Source |
|---|---|---|---|---|---|
| 1 | Digital Realty / Blackstone Buyout - Northern Virginia | $3.5B · 288MW · Northern Virginia | Digital Realty acquired Blackstone's 64% stake in three fully leased hyperscale data centers in Manassas and Sterling, valuing the assets at $7.8 billion. The deal secures 288 megawatts of capacity in the world's most competitive data center market at a 6.5% stabilized cap rate. | - | Commercial Observer |
| 2 | Amazon Montgomery County Campus - Missouri | $10B · Multi-Phase · Montgomery County, MO | Amazon announced a massive $10 billion investment for a new state-of-the-art campus in Montgomery County, marking a major expansion into the Midwest. The project aims to meet rising AI demand while creating 400 direct high-tech jobs. | - | Bisnow |
| 3 | Google Texas AI Infrastructure Expansion | $40B · 6,200MW Power Commit · Texas | Google is committing $40 billion through 2027 for new data centers in Armstrong and Haskell Counties to bolster its AI capabilities. The plan includes over 6,200 megawatts of renewable energy capacity via new power purchase agreements. | - | Commercial Observer |
| 4 | Digital Realty Hyperscale Development Fund | $3.25B Equity · Tier I Markets · National | Digital Realty closed a $3.25 billion fund specifically targeting hyperscale development in Tier I markets such as Northern Virginia, Dallas, and Santa Clara. The capital will be deployed to develop power-dense facilities optimized for AI workloads. | - | Commercial Observer |
| 5 | Equinix DA12 Campus Development - Dallas | $835M · 372,517 SF · Dallas, TX | Equinix is advancing the construction of DA12, a $835 million four-story facility in West Dallas. Spanning over 370,000 square feet, the project is part of a broader push to increase interconnection capacity in North Texas. | - | Bisnow |
| 6 | Microsoft Ohio Hyper-Campus Phase II | $2.1B · 150MW · New Albany, OH | Microsoft has broken ground on its second phase of development in Central Ohio, aiming to double its regional footprint. This expansion is critical for Azure's AI cloud services distributed across the Eastern U.S. | - | Data Center Frontier |
| 7 | Meta AI Research Center Expansion - Georgia | $1.5B · 250,000 SF · Newton County, GA | Meta has filed permits for a significant expansion of its Newton County campus to include liquid-cooled server rooms. The facility will specifically house next-generation H100/H200 GPU clusters for LLM training. | - | Georgia Trend |
| 8 | Vantage Data Centers Phoenix II Launch | $1.2B · 160MW · Goodyear, AZ | Vantage officially commissioned the first building of its second Phoenix-area campus this week. The site benefits from Arizona's favorable tax climate and significant fiber density. | - | Phoenix Business Journal |
| 9 | CoreWeave GPU-Cloud Lease - Reno | 500,000 SF · 100MW · Reno, NV | Specialized AI cloud provider CoreWeave has secured a long-term lease for a 500,000-square-foot facility to house massive GPU deployments. The location offers low-latency access to West Coast tech hubs. | - | Cloud Computing News |
| 10 | Iron Mountain Chicago-2 Expansion | $450M · 36MW · Des Plaines, IL | Iron Mountain announced the completion of its latest data hall in the Chicago market, which was 100% pre-leased to a confidential financial services client. The development emphasizes the shift toward high-security colocation for regulated industries. | - | Real Estate Alert |
Rankings are built using live web research and publicly available data. Sources are cited inline. This content is for informational purposes only and does not constitute investment advice. View all rankings →