Great fortune 100 anchor tenants signed
Ameren Missouri enables provision of multi-megawatt power capacity
St. Louis:, 13 August 2024 /PRNewswire/ — TierPoint, a leading provider of secure, connected IT platform solutions for digital transformation initiatives, today announced the acquisition of a downtown building St. Louis that through an investment of up to 150 million US dollarsA major Fortune 100 company has already signed as an anchor tenant.
TierPoint announced today that it is investing up to $150 million to convert a downtown St. Louis building into a data center, with a major Fortune 100 company already signed as a lead tenant.
The acquired building at 2300 Locust Street in St. Louis, Missourihas a total of 135,800 square feet. Over the next year, the first phase of investment will add 22,600 square feet of manufacturing space for the data center, creating up to 80 construction jobs and nine permanent jobs at the facility. The first phase of the investment plan also provides for 5 megawatts (MW) of grid power, including 3 MW of critical load. Subsequent phases of the investment plan will add additional space in the building, expanding the facility to 20 MW of grid power (13 MW of critical load) over time and creating additional construction and permanent jobs.
“This planned major investment is a direct response to the extremely strong demand we are seeing for data center services. It also demonstrates our commitment to the region and our confidence in downtown St. Louis,” said Jerry KentChairman and CEO of TierPoint. “We would especially like to thank the team at Ameren Missouri for their outstanding collaboration in finding a way to secure the power needed for the facility to serve our anchor tenant and future customers. As elsewhere, we expect the new facility to be a go-to location for large-scale, high-density colocation services required for artificial intelligence and other compute-intensive, GPU-accelerated workloads.”
“The condition Missouri and the St. Louis Region are open for business and Ameren Missouri looks forward to driving growth in the data center industry,” said Mark BirkPresident of Ameren Missouri. “We welcome TierPoint’s expansion in downtown St. Louis and look forward to plans to grow even further in the years to come. Through our Smart Energy Plan, we have been able to attract businesses to the region and help them grow, while providing reliable energy to meet our customers’ energy needs today and in the future.”
“When we were looking for locations for a new data center to meet growing demand, it quickly became clear that the 2300 Locust Street building was the ideal candidate due to its location, size, structural integrity, access to power and fiber optic cabling,” said Matthew KentTierPoint’s Senior Vice President, Planning & Corporate Development. “With the support of an incredibly capable data center operations team, our investment plan – when completed – will provide us with a world-class data center with the second highest critical load of any of our facilities.”
“Missouri has seen tremendous data center activity across the state recently. Our competitive business climate, as well as our robust power, water, sewer and telecommunications infrastructure, make Missouri well suited for large investments in data centers,” said Subash Alias, CEO of Missouri Partnership. “Given the explosive growth of artificial intelligence and cloud computing, it is clear that now is our time to win in this sector. We are pleased that TierPoint is making another strategic investment in Missouri like this one.”
“We know that revitalizing downtown to make it a safe, vibrant and beautiful neighborhood in the heart of our metropolis takes time. We also know that it requires a new way of thinking that diversifies the types of businesses and residential offerings here,” said Kurt WeigleChief Downtown Officer of Greater St. LouisInc. “This major investment by TierPoint is a great example of how we need to rethink the space to meet our future needs.”
The planned facility will complement TierPoint’s portfolio of 40 world-class data centers in more than 20 U.S. markets connected by a nationwide 100G network.
Missouri Partnership worked with several partners to support TierPoint’s expansion, including: Ameren Missouri, St. Louis Economic Development Partnership, St. Louis Development Corporation, City of St. LouisAnd Greater St. LouisInc.
About TierPoint
TierPoint is a leading provider of secure, connected IT platform solutions that drive digital transformation for thousands of public and private sector customers, from small businesses to Fortune 500 companies. With an agnostic approach to helping customers achieve their most pressing business goals, TierPoint is a master at untangling the complexity of hybrid, cross-platform approaches to IT infrastructure, leveraging a comprehensive portfolio of services from public to multitenant and private clouds, colocation to disaster recovery, security and more. TierPoint also has one of the largest and most geographically diversified footprints in the U.S., with dozens of world-class, cloud-ready data centers in 20 markets connected by a nationwide network.
About Missouri Partnership
Missouri Partnership is a public-private economic development organization focused on attracting and promoting new jobs and investment in the state Missouri Business Strengths. Since 2008, Missouri Partnership has worked with partners across the state to attract businesses that have created over 33,500 new jobs, over $1.7 billion in new annual wages and over $7.6 billion in new capital investments. Some recent successful projects that have resulted in major investments in Missouri These include Accenture Federal Services LLC, American Foods Group, Casey’s, Chewy, Inc., Google, James HardyMeta, Swift Prepared Foods, URBN, USDA and Veterans United.
Media contact: Janelle Higgins | (email protected) | 314.541.4911
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