A unit of Abu Dhabi technology group G42, Core42 (formerly referred to as a G42 subsidiary), signs on as the primary tenant for a converted office building in downtown Minneapolis, according to multiple reports. The project involves transforming the former office space at 1001 Third Avenue South into a data center, with Core42 positioned to anchor the facility as part of its effort to win AI-related business in the United States. Bloomberg reports that the company is taking the lead role in the conversion, while The Next Web highlights that the site is no longer an office but a data center and emphasizes that the tenant is not a traditional Silicon Valley hyperscaler.
The reports describe the lease arrangement as covering substantial power capacity, with The Next Web citing a 20-megawatt allocation associated with the deal. Core42’s move is presented as reflecting a broader push by G42 and its affiliates—backed by Emirati interests—to expand in cloud and AI infrastructure markets beyond the Middle East and into the US.
