A data center developer has purchased the former Lexmark International property on New Circle Road in Lexington, Kentucky. The site, a large former manufacturing and office campus, offers existing infrastructure that could accelerate development timelines. Specific financial terms of the sale and the developer's identity were reported by the Lexington Herald Leader.
The conversion of large former industrial and corporate campuses into data center sites is an accelerating trend that allows developers to bypass some greenfield permitting and infrastructure challenges. Lexington's acquisition adds Kentucky to the list of mid-sized markets attracting data center investment.
Named property Lexmark, named road New Circle Road, and named city Lexington triggered selection. The industrial conversion angle differentiated this from standard greenfield land acquisition stories.