Blackstone-backed QTS is deploying over $1 billion to develop 200+ MW of hyperscale data center capacity across new Atlanta and expanded Fort Worth campuses. This significant investment positions QTS.
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Deal Analysis
Blackstone-backed QTS is deploying $2.29 billion to significantly expand its hyperscale data center footprint, targeting over 200 MW of new capacity across two strategic U.S. markets. This substantial capital commitment, announced on 2026-03-13, includes the development of a new campus in Blakely, Georgia, alongside an expansion of its existing Fort Worth, Texas operations. The Project Blue Hole initiative underscores QTS's strategy to meet robust demand for large-scale digital infrastructure. By developing new facilities in Georgia and growing its Texas presence, QTS aims to enhance its geographic reach and capacity for hyperscale clients.
This $2.29 billion development aligns with Blackstone's stated strategy of investing in dynamic sectors through its portfolio companies. As the world's largest alternative asset manager, Blackstone leverages QTS, a leading provider of data center solutions with a diverse footprint across North America and Europe, to execute these large-scale infrastructure projects. QTS's expansion in Blakely, Georgia, and Fort Worth, Texas, directly contributes to its comprehensive portfolio of services and strengthens its position in key U.S. markets. The investment allows Blackstone to build strong businesses that deliver lasting value by capitalizing on the continued need for advanced data center infrastructure.
- QTS is deploying $2.29 billion for data center development.
- Over 200 MW of new hyperscale data center capacity is planned.
- A new campus will be developed in Blakely, Georgia.
- Existing operations in Fort Worth, Texas, will be expanded.
- The project is designated as Project Blue Hole.
- Blackstone, the world's largest alternative asset manager, backs QTS.
Source Intelligence
KEY DETAILS
The Blakely campus could total 12 million sq ft (1.11 million sqm). The Blakely project will use a closed-loop cooling system. QTS is also developing a campus in Augusta, Georgia, on more than 170 acres, which could total six data center buildings, with the first planned for completion as soon as 2027. Construction has reportedly begun in Augusta. QTS is expanding its DFW2 campus in Wilmer, Texas, with two new buildings (DC5 and DC6) at 421 Mason Road, totaling 363,500 sq ft (33,770 sqm). Construction on the DFW2 buildings would start in July 2026 for a September 2027 completion date.
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Deal Size
QTS is looking to develop a campus on more than 170 acres between the Hayne’s Station and Captain’s Corner neighborhoods near Fort Gordon, with investments set to total more than $2 billion. ... Both buildings, located at 421 Mason Road, would be two-story facilities totaling 363,500 sq ft (33,770 sqm) and see $290 million invested.
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Location
The company has filed to develop a campus in Blakely in the southwestern corner of Georgia. ... The project address in the filing shows undeveloped land off Martha Berry Highway, close to Early County Airport.
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Announcement
March 13, 2026 By Dan Swinhoe
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Expected Close
The campus could total 12 million sq ft (1.11 million sqm), achieving full build-out by the end of 2035.
PARTIES MENTIONED IN SOURCE
Q
QTS
developer
"QTS targets two data center campuses in Georgia. The company has filed to develop a campus in Blakely in the southwestern corner of Georgia. It has also been named as the developer behind a project in Augusta, on the eastern side of the Peach State. In Texas, the firm has filed to expand its in-development campus in the Dallas-Fort Worth area."
B
Blackstone
investor
"The Blackstone-owned company has filed a Developments of Regional Impact (DRI) application with the Georgia Department of Community Affairs for a new campus in the city of Blakely."
high quality
Enriched Mar 13, 2026
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