Technology giant Google LLC has backed out of a significant industrial lease at Northlake 35 Logistics Park, a sprawling business park in North Texas.
The company had initially signed the lease in August 2024 for a space exceeding 1 million square feet, but its withdrawal has left a notable vacancy in the North Texas region.
This decision adds to the surplus of available large-scale industrial spaces in Ft. Worth. Northlake 35 Logistics Park has around 7 million square feet of vacant space.
According to CoStar research, of the 31.2 million square feet of similar-sized industrial spaces delivered since 2022, over 30% remain on the market.
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Google’s Expansion Plans in Texas
Google had planned to use the leased space to support its data center operations, aligning with its broader Texas investment strategy.
The lease at Northlake 35 Logistics Park, a development by Falcon Commercial Development and Clarion Partners in Denton County, was part of Google’s efforts to expand its cloud and artificial intelligence services infrastructure in the state.
