Equinix, Inc., the world's digital infrastructure company®, and PGIM Real Estate, the real estate investment and financing arm of PGIM, Prudential Financial's global asset management business, today announced the entry into a $600 million joint venture to develop and operate the first xScale data center in the U.S., located in the Silicon Valley region of CALIFORNIA.
The two-story facility, known as SV12x, will be built in two phases and is expected to provide more than 28 megawatts (MW) of power capacity at full build out. SV12x is located at Equinix's Great Oaks data center campus in San Jose, California alongside four existing Equinix International Business ExchangeTM (IBX®) data centers. The facility's first phase is scheduled to be completed in Q2 2024.
Read the press release announcement.
