Microsoft has significantly expanded its presence in Northern Nevada by purchasing 300.7 acres of land at the Victory Logistics District in Fernley. According to Lyon County public records, the tech giant paid $70.5 million for the raw land. While a Microsoft spokesperson declined to comment on the specifics of the land purchase, the company’s commitment to the region is evident in its existing operations. Microsoft’s Americas operations center in Reno handles millions of transactions and processes billions in revenue annually, serving as the backbone of the company’s global business operations.
The Victory Logistics District, a 4,300-acre industrial park, has already attracted other major companies, including battery recycler Redwood Materials, which initially leased 815,215 square feet before subleasing the space as it developed its own facilities at the nearby Tahoe Reno Industrial Center. If Microsoft proceeds with constructing a data center at this location, it would be the first major technology company to do so at Victory Logistics District.
Evan Slavik, president and CEO of Mark IV Capital, the owner of Victory Logistics District, expressed enthusiasm about welcoming Microsoft to the area. “This transaction solidifies Victory Logistics District as a premier destination for data center and digital infrastructure development,” Slavik stated. He added that the deal is a testament to the district’s scalability, infrastructure, and strategic location, anticipating it to be a significant step toward multiple data center developments and economic growth in the region.
Mark IV Capital has been actively developing the Victory Logistics District, having constructed nearly 2 million square feet of new Class A industrial buildings. The company announced plans to spend $120 million on mass grading 600 additional acres, making up to 1,600 acres development-ready for potential clients. This includes moving over 3 million cubic yards of dirt and installing critical infrastructure such as roads, power, water, sewer, and fiber network connectivity.
Rick Nelson, Mark IV’s senior vice president of Northern Nevada operations, highlighted that Microsoft’s presence will enable the establishment of a road network and infrastructure that benefits not just Microsoft but the entire park, making it more attractive to other businesses. “All the land will have utilities hooked up, so as different companies come for those properties, they have the ability to go vertical quickly,” Nelson added.
The development is expected to attract other hyperscalers and tech businesses, potentially sparking a “land rush” similar to the effect seen after Tesla announced its Gigafactory at the Tahoe Reno Industrial Center in 2015. That announcement led to significant investments from other tech companies like Switch, Apple, and Google in Storey County.
Mark IV Capital is also working on enhancing the power infrastructure in the area, collaborating with NV Energy to establish the Eagle substation and transmission lines to increase available power. Additional plans include extending Nevada Pacific Parkway and creating a master-planned residential community and a business development and workforce training center.
