Canada-based company buys former Fred’s HQ for $25 million
5C Data Centers bought the former Fred’s Inc. headquarters as part of its plan for a $152.1 million artificial intelligence data center.
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5C Data Centers bought the former Fred’s Inc. headquarters as part of its plan for a $152.1 million artificial intelligence data center.
With the help of the PILOT, 5c plans to add 15 new jobs with an average wage of $103,400, according to the EDGE documents.
The data center is expected to create more than 250 direct and indirect jobs in the Memphis area, with an investment of more than $500 million.
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