Microsoft Corp. has closed on 616 acres of Dallas County farmland for just over $95.5 million, finalizing a deal that works out to roughly $155,000 an acre for ground the company plans to turn into a data center campus near Woodward. The seller, a company tied to Dallas-based developer Trammell Crow, had picked up the same land for just over $30.7 million.
According to Business Record, Microsoft paid TC Austin Acquisitions LLC just over $95.5 million for the 616 acres, a figure the Dallas County Recorder’s Office confirmed to the outlet. TC Austin Acquisitions LLC is Trammell Crow’s acquisition vehicle for the deal, and records show the firm had assembled the land for just over $30.7 million, or nearly $50,000 an acre, before flipping it to the tech giant. That means Microsoft’s per-acre price came in at more than three times what Trammell Crow originally paid.
Trammell Crow is a wholly owned subsidiary of CBRE Group, and county recorder’s records list Microsoft as the owner of all five parcels that make up the 616-acre site. The land acquisition transactions were recorded on October 15. Neither Microsoft nor Trammell Crow has said whether the $95.5 million price tag reflects only the land itself or whether it also covers additional development-related services or agreements, the outlet reports.
How the Price Stacks Up Against Local Farmland
Microsoft’s roughly $155,000-an-acre purchase towers over what farmland typically fetches in Dallas County. Among 2026 Dallas County auction sales with disclosed prices, the average was $12,829 an acre, according to Iowa Land Company records, which tallied 22 auction sales or tracts totaling 2,169.14 acres across the county this year. Even land specifically bought for development in the county has sold for between $24,300 and $34,100 an acre over the past two years, per the same Business Record reporting, putting Microsoft’s price at more than four times the upper end of that range…