California-based tech giant Meta is apparently significantly expanding its Los Lunas campus through a recent acquisition of 474 acres of land next to its existing data center.
CBRE’s Matt Butkus and Trevor Hatchell confirmed they brokered the sale of the 474-acre property, which closed the week of Dec. 22, but they did not disclose the buyer.
The land is adjacent to Meta’s existing Los Lunas data center at 4250 Messenger Loop NW.
Hatchell and Butkus said they were unaware of specific details regarding the buyer’s plans for the property, but the Los Lunas Village Council approved the issuance of a $7.5 billion industrial revenue bond in February 2025 for the purpose of inducing Greater Kudu LLC to expand its existing data center campus at 4250 Messenger Loop, Village Council documents show.
The property acquisition appears to be connected to the $7.5 billion IRB, which indicates the property would be home to the development of next-generation data center facilities, as well as related and similar facilities, Village Council documents show.
The sale of the land took less than a year to complete, which is quick for a land deal, Hatchell and Butkus said. The list price was $128,500 per acre, or $3 per square foot, Butkus said.
They believe the sale was able to happen so quickly partially because the zoning, entitlements and infrastructure are already set up in the Huning Business and Tech Park.
Hatchell and Butkus also noted that they’re seeing a lot of land activity in Los Lunas, with uses including residential, renewable energy and industrial, among others.
They have another 1,200 acres in the business park under contract and recently sold 100 acres for residential development.
“Los Lunas is like the next Rio Rancho, only better,” Hatchell said. “All this (the Huning Business and Tech Park), 20 years ago was just grazing land.”
Source: “Meta acquires 474-acre parcel adjacent to Los Lunas data center“
