WiredRE Orchestrates One of the Largest AI Data Center Transactions of 2024
In a landmark deal that underscores the growing demand for artificial intelligence (AI) infrastructure, Wired Real Estate Group (WiredRE) has announced the successful private development and exit of a massive AI-focused data center site in the Dallas market. The project, exceeding 1,000 megawatts, is widely recognized as one of the largest non-nuclear, AI-centric data center transactions of 2024.
This remarkable turnaround was led by Everett Thompson, WiredRE’s Founder and CEO, who took a bold step by investing in a distressed and insolvent site. At the time of acquisition, the property lacked essential components such as power access, connectivity infrastructure, and sufficient funding. Despite these challenges, Thompson and his team were able to transform the site into a market-ready, power-enabled asset in under 12 months—a feat rarely seen at this scale and speed.
What distinguishes this project is not just its size, but the methodology and ecosystem that WiredRE applied to turn a high-risk opportunity into a successful transaction. The transformation was powered by the WiredRE Platform, a proprietary operating model that integrates a global network of over 10,000 experts in data center infrastructure, power plant engineering, and hyperscale market engagement. The Platform acts as a flywheel, identifying and acquiring undervalued assets, de-risking execution through rigorous due diligence, and then connecting institutional capital with global cloud providers and AI infrastructure buyers.
In the words of Thompson, “From the outset, this was an insolvent project in an unrecognized location with no budget, no power, and no connectivity. 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.”
This outcome is not just a win for WiredRE, but also an indication of broader market shifts. As AI continues to permeate industries—from generative AI to machine learning and real-time analytics—there is an explosion in demand for compute power and data center infrastructure. However, the supply side is constrained. The availability of “ready-to-occupy” hyperscale sites—especially those that are power- and network-enabled—has become the primary bottleneck.
“AI’s growth trajectory is fundamentally tied to energy and location,” Thompson explains. “The demand is unprecedented, but the infrastructure to support that demand isn’t yet widely available. That’s where WiredRE steps in. We sit at the intersection of energy, land, and institutional capital—we are well positioned to meet this rising need.”
The Dallas project showcases WiredRE’s ability to move quickly and effectively in a highly competitive and resource-intensive environment. While the original site was not even recognized as a viable market for AI data center investment, WiredRE identified untapped potential. Leveraging strong relationships with utility providers, engineering firms, and AI cloud service buyers, the firm overcame regulatory hurdles, secured the necessary entitlements and power commitments, and ultimately structured a deal with a global cloud platform provider who now controls the site.
While the financial terms of the transaction were not publicly disclosed, industry insiders suggest that the exit valuation exceeded initial forecasts by a substantial margin, driven by escalating AI compute demand and the limited availability of large-scale, AI-ready infrastructure.
This project is far from a one-off. According to WiredRE, this successful Dallas exit is part of a larger global strategy. The company is currently advancing a robust pipeline of similar AI data center developments across the Americas, Latin America, Asia-Pacific, and EMEA. Each project aims to replicate the firm’s model: find distressed or undervalued land and power assets, apply WiredRE’s integrated platform for transformation, and exit via alignment with top-tier institutional and hyperscale buyers.
WiredRE’s approach challenges the traditional real estate development model by embedding deep sector knowledge and engineering insight into every stage of the project lifecycle. Their strategy goes far beyond land acquisition; it is about redefining data center development through a convergence of real estate, energy infrastructure, and AI demand dynamics.
In an industry where speed, power availability, and buyer readiness can dictate millions in asset value, WiredRE’s ability to compress timelines and maximize exits has made it a standout player. Their success also signals a broader transformation in the real estate and infrastructure sectors, as AI shifts the value equation from location alone to location plus energy, readiness, and network access.
In particular, WiredRE’s focus on energy-centric development strategy reflects a deep understanding of what modern AI data center buyers need most. High-performance AI workloads require massive power densities, reliable access to energy grids, and specialized cooling and interconnection infrastructure. Projects like the Dallas site are not merely about square footage—they’re about megawatts and milliseconds.
As hyperscale cloud and AI companies race to expand their footprints globally, firms like WiredRE that can deliver energy-aligned, high-capacity sites in record time are becoming indispensable. The Dallas deal not only solidifies WiredRE’s reputation as a market leader in this niche but also sets a new bar for what’s possible in data center development amid an AI revolution.
WiredRE’s continuing expansion across global regions also speaks to a changing geopolitical and regulatory landscape. As governments become increasingly involved in shaping where and how data centers are built—through energy policy, AI legislation, and land-use regulations—companies like WiredRE, with expertise in both public and private sector alignment, are proving crucial to advancing infrastructure at scale.
Moreover, the company’s ability to coordinate capital, engineering, and buyer interest simultaneously makes it an unusually agile player in an industry often criticized for long timelines and fragmented execution. In today’s AI-fueled economy, that agility may be its most valuable asset.
As WiredRE pushes forward with additional sites around the globe, the industry will be watching closely. If the Dallas development is any indication, the firm is poised to play a pivotal role in how the next generation of AI infrastructure is designed, financed, and deployed.
In the coming months, WiredRE plans to make additional announcements about new AI infrastructure projects, partnerships with global energy providers, and strategic initiatives to further streamline hyperscale data center delivery.
