Japan’s Mitsubishi Estate is reportedly eyeing the US digital infrastructure market, unveiling plans to build 14 large-scale data center campuses across multiple states by 2030. The project is valued at 2.3 trillion yen (US$15 billion), and represents one of the largest private data center investments announced in the United States this year.
According to some media reports, the total planned capacity of the new facilities will reach 2.8 GW, with development and operations led by Mitsubishi Estate’s U.S. subsidiary, TA Realty. Mitsubishi Estate will invest around 180 billion yen (US$ 1.1 billion) of its own capital, with the remainder from institutional investors and corporate partners. The company has already completed its first U.S. data center in Virginia and confirmed future projects in Virginia, Georgia, and Illinois.
These regions were reportedly selected for their robust energy grids, fiber connectivity, and proximity to major cloud customers. Georgia, in the Atlanta region, creates a data corridor for the Southeast. Illinois, Chicago metropolitan area, serves the Midwest’s expanding cloud market.
The largest development is a 430 MW campus in Loudoun County, Virginia, scheduled for completion in 2027. Two Mitsubishi’s planned facilities have already secured U.S. tech tenants, reportedly including major cloud and IT providers such as Amazon Web Services and Google Cloud.
The established new data center facilities in the USA will be developed through a mix of build-to-lease and speculative models, with potential asset sales to institutional investors after completion.
This is a strategic shift for Mitsubishi Estate since the company traditionally focuses on commercial and residential real estate in Japan. The rising domestic construction costs and thinner margins have incentivised the firm to pivot towards high-growth sectors such as data centers due to the rapid spread of generative AI and surging global demand for cloud computing.