Meta Platforms Inc. Acquires 1,000+ Acres in Northeast El Paso for Data Center Project
$8.5M Data Center Project for El Paso Land a Meta Makes Big Move! (PHOTO: Bisnow)
Meta Platforms Inc. Completes $8.5M Purchase of El Paso Land for Proposed Data Center
According to El Paso Times, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has finalized the acquisition of over 1,000 acres of city-owned land in Northeast El Paso land for a significant data center project. The purchase, facilitated through a subsidiary established for this purpose, was completed three and a half months ahead of the contract deadline. While the deal was approved by the El Paso City Council in December, its completion was not publicly announced by city officials. Meta’s plans for the vacant El Paso land site have yet to be officially disclosed, but the land acquisition represents a crucial step towards advancing the proposed project. The company has up to five years to develop the property, signaling a long-term commitment to the area’s development and economic growth.
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El Paso Land Sale Marks Major Step Forward for Meta’s Data Center Plans
The recent completion of Meta Platforms Inc.’s purchase of city-owned land in Northeast El Paso for an intended data center project signals a significant development in the region’s economic landscape. The acquisition, valued at $8.5 million, underscores Meta’s commitment to establishing a presence in El Paso. Despite the absence of public announcements regarding specific plans for the site, the completion of the sale accelerates the timeline for potential development. Meta’s successful negotiation of a water-supply agreement with El Paso Water further solidifies its intentions. As discussions with El Paso Electric regarding a power agreement continue, the groundwork is being laid for what could be a transformative investment in the community.
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