The deal was enabled by the WiredRE Platform, a scalable solution for AI-centric data center development
LAS VEGAS–(BUSINESS WIRE)–Wired Real Estate Group (WiredRE), an independent data center development firm focused on AI, today announced the successful private development and exit of a 1,000+ megawatt AI infrastructure site in the Dallas market—believed to be one of the largest non-nuclear AI-focused data center projects of 2024. The site, now under control by a global cloud service provider, was transformed from insolvency into a market-ready, power-enabled asset in less than 12 months.
WiredRE’s Founder and CEO Everett Thompson invested in the distressed project, which was initially insolvent and lacked access to budget, power, and network infrastructure. He then applied WiredRE’s Platform—a global, curated network of over 10,000 sector experts, power plant engineering insight, and hyperscale buyer relationships—to structure the turnaround and drive the successful exit. The WiredRE Platform functions as a flywheel—sourcing projects, de-risking execution, and connecting capital with the highest-demand buyers in the world.
“From the outset, this was an insolvent project in an unrecognized location with no budget, no power, and no connectivity,” said Thompson. “Through a structured approach focused on technical viability, power development, and buyer alignment, we more than doubled the expected exit value while accelerating time-to-close.”
“As AI accelerates demand for compute infrastructure, ‘ready-to-occupy sites’ have become the bottleneck,” continued Thompson. “WiredRE sits at the intersection of energy, land, and institutional capital—we are well positioned to meet that demand.”
WiredRE is actively advancing a pipeline of similar projects across the Americas, LATAM, APAC, and EMEA.
About Wired Real Estate Group
WiredRE is an independent development firm solely focused on cloud and data centers. Its multidisciplinary approach is rooted in power plant development, large-scale fixed asset finance, and data centers. Anchored by the WiredRE Platform, a 10,000 member expert network with global reach and decades of domain experience and designed to identify, structure, and deliver power-enabled infrastructure globally for the AI era, WiredRE facilitates curated deal flow, development readiness, and institutional-grade exits for capital partners and infrastructure buyers. For more information, visit www.wiredre.com.
Contacts
Media Contact: Jessica Mularczyk, [email protected]
