Marilee and David Kiliti sold their 89-acre Pennsylvania farm for more than $22 million to QTS, a Blackstone subsidiary, as part of a $586 million land assemblage for a data center. The Kilitis were among 96 families in Salem Township, Pennsylvania, who collectively sold about 1,700 acres at an average price of $330,000 per acre, earning $5.5 million per family on average. The couple, who raised hogs and struggled financially for years, are now building a hilltop dream home with a pool, theater room, and second-story hot tub. David Kiliti worked construction jobs while Marilee drove forklifts before the sale allowed them to retire comfortably.
Jack Sordoni, a land developer who
previously worked on oil and gas deals, organized the property
assemblage after learning Amazon was buying land in the area. He spent
two years persuading landowners to sell, some of whom were skeptical
after receiving lowball offers in the past...
RSK: Enough said. There is money in data centers and in the land close to transmission lines and water, Same could happen in Wisconsin but the moratorium is on for now.
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- - Volume: 26 - WEEK: 29 Date: 7/14/2026 9:34:02 PM -