Google held a ceremonial groundbreaking for its latest data center, a 750,000 square foot development to sprout up in Henderson, roughly 10 miles south of downtown Las Vegas. The company giant will invest $600 million to realize the project.

The project will occupy two parcels totaling 64 acres.In addition to a suitable site, a qualified workforce and utilities consideration, the option for tax abatements played a vital role in Google’s decision to locate the data center in Nevada. The data center will commence operations by the close of 2020. Design LLC will own the development’s personal property, while Jasmine Development LLC will own the real property.

In addition, Google purchased the land in January 2018 via another subsidiary, Jasmine Development LLC, in a $19 million transaction with seller Treco LLC, per Clark County Records.

Source:CP Executive

Fulya Altunyay/fulyaaltunyay@realestatecoulisse.com

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