Key Takeaways
A cloud company reportedly just purchased 300 acres for data center development outside of Reno, Nevada.
The venture is backed by real estate investment firm Mark IV Capital, which announced the sale is within its Victory Logistics District.
Victory Logistics District is a 4,300-acre master-planned industrial and logistics hub in Fernley, Nevada, about 30 miles east of Reno.
The cloud company — which remains nameless at this point — will benefit from Victory Logistics District’s renewable energy resources and access to key rail and truck routes.
What we do know is the buyer is described as a “global leader in enterprise software, cloud computing, artificial intelligence, and state-of-the-art hyperscale data center campuses.”
Evan Slavik, President and CEO of Mark IV Capital, expressed the company’s excitement to expand in the Victory Logistics District.
“We see this as a major step toward many data center developments at Victory,” said Slavik.
He added: “[W]e look forward to continuing to attract industry-leading enterprises that will drive economic growth to the region.”
Going West
While the investment is a win for the Victory Logistics District, it’s far from the only data center development near Reno.
In fact, data centers are flooding into Northern Nevada so rapidly that Reno’s planning commission has asked the city council to pause approvals.
As of October 2024, Nevada has reported more than 40 new data centers, with more on the way, thanks to PowerHouse Data Centers’ expansion in Storey County.
So, might Nevada be the next battleground for cloud giants? Maybe. But perhaps Nevada can run because Northern Virginia walked to show what’s possible.
Northern Virginia has one of the world’s largest concentrations of data centers, with more than 25 million square feet of operational space.
Nicknamed “Data Center Alley,” Virginia borders Washington, D.C., a central location for reliable connection thanks to the regional tech infrastructure.
But the industry is increasingly shifting focus beyond the saturated markets of Silicon Valley and Northern Virginia. Now, it’s time to head southwest.
Located in the vast desert, Reno offers unlimited land and abundant solar power potential.
Similar to Virginia, Reno’s proximity to key markets like the Bay Area and Texas — another rapidly growing tech hub — provides access to major fiber-optic infrastructure.
Fellow major tech companies, including Vantage, PowerHouse, Google, and Microsoft, are already present in and around Reno.
