In April 2024, Google announced plans to invest $1 billion into Texas data centers and cloud infrastructure. This investment was intended to support Google’s existing data center campuses in Red Oak and Midlothian, located south of Dallas.
If fully realized, this investment would have significantly increased Google’s total financial commitment in Texas, bringing it to more than $2.7 billion. The pledged $1 billion represented a dramatic increase from the $330 million Google committed to Texas just a year prior.
With Google’s withdrawal from the Northlake lease, questions arise regarding the company’s broader Texas expansion plans. While the company has not officially revised its investment strategy, uncertainty looms over whether it will proceed with its other planned commitments in the state.
Property Back on the Market
Nathan Lawrence, a broker at KBC Advisors responsible for leasing the Northlake 35 Logistics Park property, confirmed the space is available again.
“The space is vacant and available now,” Lawrence stated in an email to the Dallas Business Journal. “All I have heard is that there was excess capacity.”