Prime Data Centers

Prime Data Centers broke ground on three of five buildings at a 240 MW campus in Phoenix, Arizona on 22 May 2026. Three buildings were pre-leased to an undisclosed hyperscaler before the groundbreaking, demonstrating that demand-side commitment for new capacity now routinely precedes construction. The pre-leasing model is significant in a regulatory environment where moratorium risk has made speculative development harder to finance: operators who can show signed anchor tenants before breaking ground reduce their exposure to mid-construction policy changes.

Prime Data Centers is a US-based colocation and hyperscale data-centre developer. The Phoenix campus expands its footprint in the Sunbelt, a region that has absorbed growing data-centre investment as Northern Virginia's planning environment has tightened and the Pacific Northwest faces permitting headwinds. Phoenix's low-density geography, business-friendly permitting, and improving power infrastructure have attracted both new campus developers and logistics operators.

The 240 MW Phoenix project is Prime's most prominent development to date and places it alongside larger operators in a market where hyperscaler pre-leasing is the dominant financing mechanism for new supply. The undisclosed anchor tenant's identity has not been confirmed; the three pre-leased buildings represent the majority of the campus's planned capacity.