Progress Park, Sherman, TX

June 6, 2017 Comments Off on SEDCO Deal Could Bring $1B in Capital Investment Views: 366 Dallas-Fort Worth, Texas News

SEDCO Deal Could Bring $1B in Capital Investment

The Sherman Economic Development Corp. (SEDCO) struck a deal with Thea Development LLC to sell approximately 90% of Sherman, TX’s Progress Park I. Thea Development plans to develop infrastructure for Cassini Gateway I, a site that can accommodate five data centers totaling more than one million square feet.

According to SEDCO, Thea Development will build one data center building a year, over the next five years, for approximately $200 million per facility, meaning a total capital investment of $1 billion. SEDCO President John Plotnik told the Sherman Herald-Democrat that the developer would also build a large substation and redundancy power. Cassini Gateway I is on Sherman’s south side, and adjacent to the 758-megawatt Panda Sherman Power Plant.

Progress Park is a 3,300-acre, master-planned business park under development by SEDCO. Progress Park I totals 186 acres.

Read More at Sherman Herald-Democrat

Connect with SEDCO

Connect with Thea Development


Subscribe to Connect Daily Texas

For comments, questions or concerns, please contact Amy Sorter

For advertising information, please contact Joni Margotta

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.