Northampton Capital Partners has entered a joint venture with Provident Data Centers to build a new data center in the North Dallas Corridor. Delivery is targeted for late 2027.
The project carries 54MW of critical capacity on a 74MW site, the usual split between usable IT power and total site draw.
Why This Market: Dallas Fort Worth is one of the most active, capacity constrained data center markets in the world. The site also sits close to major interconnects, a real edge in a hub built for nationwide data traffic.
Provident Managing Partner Roman Pacewicz says the design uses effectively zero water and runs quiet. Those specs matter in a sector facing growing scrutiny over power and water use as AI demand climbs.
Pacewicz also called Dallas a "near zero vacancy market," which explains why getting this one built fast is the whole point.
This deal isn't a one off, either. Northampton and Provident have already set up a framework to keep developing "inference ready" sites in other top tier U.S. markets.
By the Numbers:
Northampton manages roughly $1.6 billion in infrastructure assets
Provident has delivered more than 7,500 MW of committed power across 16 states and 50+ buildings, completed or under construction
Provident is a division of a $7.5 billion privately held real estate firm
Simpson Thacher and Bartlett repped Northampton. Haynes and Boone and Citizens Capital Markets repped Provident.
Zero water, quiet operation, and a market with almost no room left. If this framework scales the way both sides describe, Dallas is just the opener.
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