Data Centers

Alliant: Communication is a Commodity in Today’s Lending Environment

by Jaime Lackey February 19, 2019

Communication and transparency are always top priorities for commercial lenders and borrowers. Paul Letourneau, manager of commercial lending at Alliant Credit Union, believes these are the true skills lenders should leverage in today’s market. Letourneau knows we’re long in this cycle — and he says that’s not a bad thing. There is still a great need for capital, but with that demand comes the competition among suppliers. This, Letourneau asserts, has caused lenders like credit unions to make sure their relationships with mortgage brokers and sponsors are as strong as possible. The ability to remain competitive while disciplined is no easy task. Letourneau believes this starts with strong communication between all parties. Watch the video for more insights from Letourneau. Alliant Credit Union is a content partner of REBusinessOnline. Click here to view articles written in conjunction with Alliant.

February 19, 2019

Acquisitions Arizona Data Centers Industrial Western

Stream Data Centers Acquires a 418,000 SF Industrial Facility in Goodyear, Arizona

by Jeff Shaw February 18, 2019

GOODYEAR, ARIZ. — Stream Data Centers has purchased an industrial facility on 157 acres in Goodyear. The company plans to establish a data center campus for hyperscale and enterprise customers in the greater Phoenix region. This acquisition marks Stream’s entrance into the Phoenix market. Stream will redevelop the existing 418,000-square-foot facility. At full build-out, the data center will contain approximately 50 megawatts of critical load. The facility is slated to be fully operational for customers in the first quarter of 2020. Additionally, at full build, the entire campus will be able to support approximately 2 million square feet. The company will dedicate land for an on-site sub-station to be constructed by Arizona Public Service with ultimate power capacity of 350 megawatts.

February 18, 2019

Data Centers Development Industrial Office Top Stories

Google to Invest $13B in 2019 on New Data Centers, Offices Across the United States

by Alex Tostado February 14, 2019

MOUNTAIN VIEW, CALIF. — Google (Nasdaq: GOOGL) has announced plans for more than $13 billion in investments during 2019 in data centers and offices across the United States, with major expansions in 14 states. According to a blog post written by Google CEO Sundar Pichai, this will mark the second year in a row that Google will grow faster outside the Bay Area than within it. With the expansions, Mountain View-based Google expects to hire tens of thousands of employees across the country, including 10,000 construction jobs in Nebraska, Nevada, Ohio, Texas, South Carolina and Virginia. The tech-giant will have a presence in 24 states, as well as data centers in 13 communities. “This growth will allow us to invest in the communities where we operate, while we improve the products and services that help billions of people and businesses globally,” Pichai said in the blog post. “Our new data center investments, in particular, will enhance our ability to provide the fastest and most reliable services for all our users and customers.” Data centers In the Western States, south Nevada is set to get a new data center. In the Midwest, data centers will pop up in Ohio, Nebraska and …

February 14, 2019

Acquisitions Data Centers Industrial Office Texas

ESRP Arranges Sale-Leaseback of 1 MSF Office, Data Center Campus in Plano

by Taylor Williams January 31, 2019

PLANO, TEXAS — Metro Dallas-based brokerage firm ESRP has arranged the sale-leaseback of a 1 million-square-foot office and data center campus in Plano, a northeastern suburb of Dallas. The seller/tenant is NTT Data, a Japanese data systems integration company, and the buyer was an undisclosed, San Francisco-based private equity firm. The property includes two data centers and leasable office space and has the capacity for future data center development. Steve Jarvie, Darren Woodson, Karra Guess and Damian Rivera of ESRP represented the seller in he transaction. Paul Moser and Rob Kennedy of Stream Data Centers represented the buyer.

January 31, 2019

Data Centers Development Loans Texas

HFF Secures Capital for Construction of 130,000 SF Data Center in Richardson, Texas

by John Nelson January 11, 2019

RICHARDSON, TEXAS — HFF has arranged construction financing and joint venture equity for a 130,000-square-foot data center in Richardson’s Telecom Corridor. Cullen Aderhold, Jim Curtin and Michael Cosby of HFF closed the capital transactions on behalf of the borrower, KDC Real Estate Development & Investments. Situated at the southeast corner of North Plano Road and East Lookout Drive, the facility will be adjacent to an ONCOR substation and have access to approximately 18 fiber providers within the area. Data center tenants in Richardson’s Telecom Corridor include Cisco, Bank of America, State Farm, TD Ameritrade, LinkedIn/Microsoft and Digital Realty.

January 11, 2019

Arizona Data Centers Development Industrial Western

Vantage Data Centers to Develop 50-Acre Campus in Goodyear, Arizona

by Amy Works January 9, 2019

GOODYEAR, ARIZ. — Vantage Data Centers has unveiled plans to develop a data center campus, located at the southeast corner of Van Buren Street and Bullard Avenue in Goodyear. Spanning 50 acres, the center will feature three data center buildings and office space totaling more than 1 million square feet of space. Additionally, the campus will offer a total of 160-megawatts of critical load. Design, site plan approval and permitting are underway with construction expected to begin in early 2019. The first 32-megawatt data center is anticipated to be online in early 2020.

January 9, 2019

Acquisitions Data Centers Industrial Texas

H5 Data Centers Buys 85,000 SF Colocation Center in San Antonio for $19.5M

by Taylor Williams November 28, 2018

SAN ANTONIO — H5 Data Centers, a Denver-based data center operator, has purchased an 85,000-square-foot colocation center located at 100 Taylor St. in San Antonio for $19.5 million. ISP Taylor Telecom previously owned the facility, which is located a block away from AT&T’s regional office. H5 plans to redevelop the property and is in the process of adding more colocation racks. Chris Orr of North Carolina-based Romans Properties represented H5 Data Centers in the deal.

November 28, 2018

Data Centers Development Industrial Texas

KDC to Develop 130,000 SF Data Center in Metro Dallas

by Taylor Williams November 27, 2018

RICHARDSON, TEXAS — Dallas-based KDC will develop a 130,000-square-foot powered shell data center within Richardson’s Telecom Corridor in metro Dallas. The project, which is slated for completion by summer 2019, will be KDC’s fifth ground-up data center development in Richardson. The center will feature more than 20 network fiber carriers and an onsite substation for robust power and short electrical feeder runs. Alliance Architects is designing the project and Kimley Horn is the civil engineer.

November 27, 2018

Acquisitions Data Centers Industrial Midwest Ohio

Romans Properties Brokers $9.3M Sale of Data Center in Canton, Ohio

by Kristin Harlow October 30, 2018

CANTON, OHIO — Romans Properties has brokered the sale of a 30,000-square-foot data center in Canton for $9.3 million. The property, located at 4726 Hills and Dales Road, is fully leased to Secure Data 365. Chriss Orr of Romans represented the buyer, an institutional client. The seller was not disclosed.

October 30, 2018

Data Centers Industrial Market Reports Texas Texas Market Reports

DFW Emerges As Top Five Data Center Market

by Taylor Williams October 26, 2018

Development of data centers is surging across the Dallas-Fort Worth (DFW) metroplex, and the party is really just getting started. According to research from JLL, DFW is the fourth-largest data center market in the country in terms of supply with approximately 3.7 million square feet of inventory providing 505 critical megawatts of power. DFW’s development pipeline spans more than 1.1 million square feet of new projects totaling about 215 critical megawatts that are either planned or already under construction. Data centers typically produce about 150 watts of power per square foot. A facility’s total power intake minus the portion needed to cool the equipment represents its critical megawattage — its true capacity for storing and processing data. A number of state-level factors have contributed to DFW’s rapid ascension up the national data center ladder. Texas possesses a great deal of fiber optic connectivity, which gives users fast, reliable transmission of data and helps reduce costs. In addition, the state has its own power grid, as well as an abundant, cheap supply of natural gas to fuel power costs, which are typically the most expensive operating item for data centers. An arid climate, ample available land and friendly development policies have …

October 26, 2018

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