SEDCO closes deal for data center campus in Sherman

The Sherman Economic Development Corp. closed a deal Friday that could ultimately bring 150 new jobs to the area and a capital investment of more than $1 billion over the next five years.

The SEDCO board of directors approved a contract with Thea Development LLC to develop the infrastructure for five data centers in Sherman’s Progress Park I. Cassini Gateway I, as the data center development will be known, will be able to accommodate more than 1 million square feet of independently-owned data centers. Thea Development CEO Margie Guido explained the data centers her company is targeting contain computer servers that hold information for the internet.

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