Prologis, Skybox plans $149M buildout at data center in Hutto

The San Francisco-based industrial real estate giant filed plans to spend $149 million building out a project called Skybox Hutto 1. The address listed, 4200 County Road 132, would place the project inside Skybox and Prologis’ PowerCampus, a 600-megawatt, 3.88 million-square-foot development.

On the other side of Hutto, Prologis and Skybox are working on a two-building, 30-megawatt data center called Skybox Austin 1. 

Skybox also owns a 26-megawatt center in Houston and is building a 300-megawatt PowerCampus in Dallas. 

Data center investment is booming across the country. In 2021, Blackstone purchased QTS Realty Trust, a leader in the space, for $10 billion. Since then, it has boosted the firm’s pipeline from $1 billion to $15 billion, according to Bloomberg. By the end of last year, QTS’ valuation reached $25 billion.Texas, with its booming population and plentiful energy and open space, has become a leading state for data center development. In the Austin metro area, firms have been drawn to suburbs like Hutto and Pflugerville, where vast spreads of farmland are being sold and rezoned for industrial use.

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