RICHARDSON (Suburban Properties LP) – Owens Ranches Inc. has sold 23 acres to State Farm Insurance. The land will be home to the company's planned 129,180-sf data center.
Developer KDC will build the data center just south of State Farm's campus at the vacant corner of Lookout Dr. and Plano Rd. The property is part of Spring Creek Farms, which was previously owned by the Owens family.
Plans filed with the City of Richardson show that the data center — called Project Black Flag — will take up about 15 acres on the corner. The one-story building is being designed by Corgan Architects of Dallas.
Triumph Commercial Real Estate represented the seller.
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