Another company is joining San Antonio’s growing technology and research scene.

Washington, D.C.-based data center developer CloudHQ has acquired a 123-acre parcel on the western edge of Bexar County across from the Microsoft facility, San Antonio Business Journal Report.

CloudHQ, led by CEO Hossein Fateh, bought the land from University of Texas Systems, which owns much of the land around Lambda Drive and Omicron Drive. Terms of the deal were not disclosed.

The company’s exact plans for the site are unclear, but it is planning a four- or five-story building, according to a filing with Bexar County. CloudHQ considers itself a “hyperscale” developer with international reach, the outlet said.

Its other large projects include a 2.7 million square foot data center in Santiago de Querétaro, Mexico, currently under development.The company is also building a 1.5 million square feet facility Worth $2.5 billion in Chicago.

Microsoft continued to expand its business following the CloudHQ acquisition.This is architecture A $176 million, 153,000-square-foot data center called SAT40 is located in Texas Research Park. Another 245,000-square-foot building valued at about $216 million is expected to be completed in 2024.

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closer to the city center, UT Health San Antonio continues to add to its multispecialty and research hospital campus, investing $100 million in a new brain health center last year after already spending $470 million on the project.

highly anticipated port san antonioA 1,900-acre technology campus near Lackland Air Force Base will also enhance the city’s status as an innovation hub.

— Quinn Donoghue

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