With US$1 billion seeming to be the new favourite sum of investors, wholesale data centre developer and operator Prime Data Centers has unveiled plans to build a campus in the US Midwest market for that value.

Designed by global architecture firm Gensler, the 750,000+-square-foot hyperscale data centre campus is anticipated to boost 150MW at full build and will be located in Elk Grove Village, Illinois, a suburb of Chicago.

The development is expected to house three tri-level facilities and upon completion, it will be one of the largest data centre campuses in the Chicago-O’Hare market.

This announcement comes on the heels of the Elk Grove Village Board’s unanimous approval to sell four parcels of land along its Busse Road Corridor to Prime to develop the data centre campus.

The project is aligned with Elk Grove Village’s mission to become a worldwide destination for high-tech companies and manufacturers.

Additionally, the company said the project’s construction will add hundreds jobs to the market while delivering tax incentives, robust fibre networks and infrastructure.

This expansion into the Midwest comes as Prime Data Centers continues to expand its footprint across the US and Europe.

Jeff Barber, EVP of sales and business development, Prime Data Centers, said: “We are excited to enter into the Midwest with the development of our new 150MW campus. This rare project will enable hyperscalers, large enterprises and retail colocation providers to meet the growing capacity demands. In addition, it helps Elk Grove Village solidify its competitive position as premier data centre destination.

“Prime’s Partnership-as-a-Service model provides potential customers with flexible options, including build-to-suit, turnkey or powered shell. Prime can even structure joint venture models where the tenant actually owns a significant percentage of the facility.

“This flexibility, coupled with sales tax abatement advantages, has led to significant interest in this project. We look forward to announcing additional milestones around this project as we move ahead to meet the evolving needs of the world’s leading brands.”