La Rosa Holdings Corp. (NASDAQ:LRHC) announced Thursday, signing a contract to purchase a strategically located parcel of land in Osceola County in Central Florida.
This buyout represents a significant milestone in the company’s expansion strategy.
The acquisition is expected to conclude on June 15, 2026, subject to the customary closing conditions.
AI Data Center
The deal supports the development of the company’s state-of-the-art Tier III AI data center, which is expected to meet higher demand for high-performance computing and data processing infrastructure.
The facility, encompassing up to 10,000 square feet, is anticipated to support an estimated IT load of ~1,500 kW.
Thanks to its location in a high-growth corridor of Central Florida, the project is expected to position the company at the forefront of regional data center growth.
The new facility is anticipated to have high availability, built-in redundancy, and strong operational resilience.
The company expects it to serve several industries such as healthcare, financial services, and technology.
Joe La Rosa, CEO of La Rosa, added, “While Central Florida is a key market for us today, we are pursuing expansion into other high-demand regions and expect to develop additional data centers outside of Florida, including markets such as Texas, where demand for AI and high-density computing infrastructure continues to accelerate.”
LRHC Price Action: La Rosa Holdings shares were down 7.47% at $1.61 during premarket trading on Thursday. The stock is trading near its 52-week low of $1.50, according to Benzinga Pro data.
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