Reese Technology Center

What Reese Technology Center does

Reese Technology Center is a 2,467-acre business, research, and technology park located on the former Reese Air Force Base in Lubbock, Texas, operated since 1997 by the quasi-governmental Lubbock Reese Redevelopment Authority (LRRA). The site offers approximately 292,715 SF of existing leasable space across office, industrial, lab, data center, warehouse, and event venue buildings (ranging from 685 SF to 24,080 SF), with an additional ~200 acres available for build-to-suit development. Its core infrastructure includes a private 1,700-acre airfield with three parallel runways (two at 10,500 ft and one at 6,500 ft, each 150 ft wide) registered inside Foreign Trade Zone #260, an SSAE-18 compliant Reese Data Center with redundant power and 2,500 SF of raised floor capacity, an OC-192 capable dedicated fiber optic network, and 480V three-phase power with 1,200 kW backup generation.

The park serves a diverse mix of tenants across aerospace, defense, energy, agriculture, education, and technology, including KBRwyle Aerospace, Oxy USA, United Supermarkets, Group NIRE, Zachry Industrial, Sandia National Laboratories, Texas Tech University (National Wind Institute, TIEHH, Advanced Vehicle Engineering), South Plains College (3,500 students on campus), Bayer Crop Science, Texas A&M Forest Service, Air Force Civil Engineer Center, WillScot, and Vital Records Control. Specialized research infrastructure includes the Scaled Wind Farm Technology (SWiFT) facility operated with DOE and Sandia, a LiDAR calibration and test facility operated by Group NIRE, and a build-to-suit program for aerospace and industrial tenants requiring direct runway access. Reese Data Center holds SSAE-18, SOC 1 Type 2, and MSPAlliance Cyber Verify AAA certifications, placing it among less than 1% of global MSPs at that assurance level.

Reese generates revenue primarily through commercial real estate leasing at unit prices ranging from $4.00 per SF (industrial/warehouse) to $12.00 per SF (data center space), billed annually. Additional revenue streams include data center colocation and off-site storage, build-to-suit development services, and ancillary fees. Capital projects have been supplemented by federal grants including a $900,000 DOE BIRD Energy award (2015) and an $865,000 EDA grant matched with local investment (2021). The site operates as a public-purpose economic development entity rather than a profit-maximizing enterprise, with strategic positioning in UAS corridor development via the Matador UAS Consortium and alignment with the Reese National Security Complex as of March 2026.

Name

Reese Technology Center

Legal name

Lubbock Reese Redevelopment Authority

Website

https://reesetechnologycenter.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Reese Technology Center is a 2,467-acre quasi-governmental business and research park in Lubbock, Texas, operated by the Lubbock Reese Redevelopment Authority on the former Reese Air Force Base. It leases office, industrial, lab, and data center space, and operates a private airfield, serving aerospace, defense, energy, education, and technology tenants.

Ownership category

akta.pro rank

Product category

Commercial Real Estate / Business Park Services

NAICS

Computer Facilities Management Services (541513)

akta.pro primary industry

Enterprise Data Centers & On-Prem Facilities (Owned/Operated) (HDABACAG)

Keywords

• Commercial real estate leasing
• Data center colocation
• Research park development
• Private airfield leasing
• Build-to-suit construction

Headquarters

HQ city

Lubbock

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Real Estate Leasing: Revenue generated from leasing office, industrial, data center, and special-purpose space to tenants. Buildings range from 685 SF to 24,080 SF. Space types include office, lab, data center, industrial, warehouse, and event venues.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Reese Technology Center operates a 2,467-acre business and research park on the former Reese Air Force Base, leasing office, industrial, laboratory, data center, warehouse, and event-venue space (totaling 292,715 SF across multiple buildings) to technology, research, education, and manufacturing tenants. The park also operates the Reese Data Center (an SSAE-18 compliant colocation and disaster recovery facility) and a 1,700-acre private airfield with three parallel runways registered inside Foreign Trade Zone #260, supported by OC-192 fiber and 3-phase power infrastructure.

Product overview

Reese Technology Center operates as a multi-tenant business and research park offering commercial real estate leasing and technology services. The core offering is Reese Data Center, a SSAE-18 compliant colocation facility providing secure data storage and disaster recovery solutions. The center also offers approximately 292,715 SF of existing building space across 14+ listings including office, industrial, lab, data center, and event venues available for lease. Additional amenities include a private 1,700-acre airfield with multiple runways, meeting/event space, and build-to-suit development services for aerospace and industrial tenants requiring runway access.

Differentiator

Problem solved

Functional benefit

Products and services

• Reese Data Center

Quantifiable outcome

• EDA $865,000 investment matched with $865,000 local funds expected to generate $20 million in private investment
• +2 more outcomes

Named customers16 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Matador UAS ConsortiumcoreStrategic or Co-development Partner · 6 April 2022Consortium of leading UAS affiliates and agencies working to establish national Uncrewed Aerial System corridor infrastructure for commercial transportation. Includes Texas Tech University Health Sciences Center, 2THEDGE, South Plains College, Innovation Hub at Research Park, Lubbock Economic Development Alliance, City of Lubbock, Texas Tech University School of Veterinary Medicine, UMC Health System, Covenant, LifeGift, and industry partners. Focuses on rural healthcare, research, and transportation/logistics applications including organ transplantation, search and rescue, crop management, and drone tech job training.
• Texas Tech UniversitycoreStrategic or Co-development PartnerMultiple research institutions operate at Reese including the Institute for Environmental and Human Health (TIEHH), National Wind Institute, and Advanced Vehicle Engineering. Texas Tech provides workforce pipeline and collaborative research opportunities.
• South Plains CollegecoreStrategic or Co-development PartnerSouth Plains College (SPC) Reese Campus with 3,500 students located on campus. SPC also operates the Center for Clinical Excellence at the site. Provides workforce training and education services.
• Sandia National LaboratoriescoreStrategic or Co-development PartnerNational security research laboratory operating at Reese. Partners on wind energy research through the SWiFT facility and various defense technology initiatives.
• Texas A&M Forest ServicecoreStrategic or Co-development PartnerMoved local offices to Building 1142 at Reese. Provides statewide leadership on forest conservation and wildfire management. Approximately 10 staff stationed at Reese. Previously coordinated prescribed burns and heavy equipment training at Reese.
• 2THEDGEcoreStrategic or Co-development PartnerProvides agile Testing and Experimentation as a Service (TEXaS) support model. Co-founded the Matador UAS Consortium with Texas Tech. Contact for consortium involvement.
• U.S. Department of Energy / Sandia National LaboratoriescoreStrategic or Co-development PartnerDOE and Sandia operate the Scaled Wind Farm Technology (SWiFT) research facility at Reese. Some estimates show 10-40% of wind energy production lost due to complex wind plant interaction addressed through SWiFT research.
• Group NIREcoreStrategic or Co-development PartnerLocal renewable energy company operating met tower and LiDAR calibration/test facility at Reese. First independent third-party test facility for LiDAR devices in the U.S. Partners with Vestas on wind turbine research.
• South Plains Association of GovernmentscoreStrategic or Co-development PartnerRegional planning partner that helps bring together public and private sectors to create economic development roadmap. Initial creator of Lubbock Reese Redevelopment Committee in 1995.
• City of LubbockcoreStrategic or Co-development PartnerKey partner in public-private partnership that created and continues to support Reese. Provides city water and sewer services and fire protection.
• Lubbock CountycoreStrategic or Co-development PartnerInitial creator of Lubbock Reese Redevelopment Authority board along with City of Lubbock and South Plains Association of Governments.
• Lubbock Economic Development AlliancecoreGTM or Marketing PartnerRegional economic development organization supporting business attraction and growth in Lubbock area.
• Texas Tech University Health Sciences CentercoreStrategic or Co-development PartnerPart of Matador UAS Consortium focusing on rural healthcare applications for drone technology including organ transplantation and medical supply delivery.
• UMC Health SystemminorStrategic or Co-development PartnerHealthcare system partner in Matador UAS Consortium for rural healthcare drone delivery applications.
• LifeGiftminorStrategic or Co-development PartnerOrgan procurement organization partner in Matador UAS Consortium for organ transplantation drone delivery.

Scale indicators8 records

Recent moves3 records

Expansion highlights6 records

Direct peers

• AllianceTexas (Hillwood): AllianceTexas is a 27,000-acre master-planned mixed-use development anchored by Perot Field Fort Worth Alliance Airport, with logistics, aerospace, and corporate campuses. Directly comparable to Reese as a Texas mega-park combining private airport infrastructure, industrial leasing, and corporate tenant attraction.
• Brooks (City of San Antonio): Brooks is a redevelopment of the former Brooks Air Force Base in San Antonio, Texas, repurposed into a mixed-use community with office, industrial, and research space. Directly comparable to Reese as a successful Texas military-base redevelopment converting legacy Air Force infrastructure into commercial and research tenancies.
• Sandia Science & Technology Park: Sandia Science & Technology Park is a research park adjacent to Sandia National Laboratories in Albuquerque, NM, hosting national-security and technology tenants. Directly comparable to Reese as a national-lab-adjacent research park with DOE-affiliated tenants and specialized research infrastructure.
• DataBank: DataBank is a Dallas-headquartered data center operator offering colocation, interconnection, and managed services across multiple U.S. markets. Comparable to Reese Data Center as a regional colocation/disaster-recovery provider competing for similar enterprise and government tenants.
• Cummings Research Park: Cummings Research Park in Huntsville, AL is one of the largest research parks in the U.S., hosting aerospace, defense, and technology tenants near Redstone Arsenal. Comparable to Reese as a large research park anchored by aerospace/defense tenants and federal installations.
• Stream Data Centers: Stream Data Centers is a Texas-based enterprise colocation provider with facilities in Dallas, Houston, and other markets. Comparable to Reese Data Center as a Texas-based colocation operator targeting enterprise and government tenants.
• T5 Data Centers: T5 Data Centers designs, builds, and operates enterprise and hyperscale data centers across the U.S. Comparable to Reese Data Center as a custom-enterprise colocation operator serving similar corporate and institutional customers.
• Cecil Commerce Center (Cecil Field): Cecil Commerce Center is a redevelopment of the former Naval Air Station Cecil Field in Jacksonville, FL, repurposed into an industrial/airport commerce park with airfield access. Directly comparable to Reese as a former-military-airfield redevelopment converted to commercial/industrial use with runway-dependent tenants.
• Aligned Data Centers: Aligned Data Centers is a national colocation provider operating adaptive, scalable data center facilities across multiple U.S. markets. Comparable to Reese Data Center as an enterprise colocation operator competing for similar institutional and government tenants.

Broad incumbents

• Research Triangle Park: Research Triangle Park (RTP) in North Carolina is one of the largest research parks in the U.S., anchored by major universities and global life-science/technology tenants. Comparable to Reese as a large-scale research-tenancy model, though broader in scope and substantially larger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/reesecenter
• LinkedInlinkedin.com/company/reese-technology-center

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reese Technology Center