JLL: DFW Posts Strong Data Center Absorption, Inventory Projected to Grow

DALLAS AND FORT WORTH, TEXAS — The data center market of Dallas-Fort Worth (DFW) continued its impressive run in 2018, absorbing 40.2 megawatts of space, according to a recent report from JLL. As a general rule with data centers, every 150 watts of absorption is equivalent to one square foot of regular absorption. That figure puts the market third in 2018 absorption behind Phoenix and Northern Virginia. DFW’s inventory of data center product is expected to grow in 2019, with approximately …

February 28, 2019Data Centers, Industrial, Texas

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

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 …

February 19, 2019Civic, Data Centers, Finance Insight, Healthcare, Hospitality, Industrial, Loans, Mixed-Use, Multifamily, Office, Restaurant, Retail, Self-Storage, Seniors Housing, Student Housing

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

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 …

February 18, 2019Acquisitions, Arizona, Data Centers, Industrial, Western

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

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 …

February 14, 2019Data Centers, Development, Industrial, Office, Top Stories

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

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 …

January 31, 2019Acquisitions, Data Centers, Industrial, Office, Texas

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

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 …

January 11, 2019Data Centers, Development, Loans, Texas

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

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 …

January 9, 2019Arizona, Data Centers, Development, Industrial, Western

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

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

November 28, 2018Acquisitions, Data Centers, Industrial, Texas

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

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 …

November 27, 2018Data Centers, Development, Industrial, Texas

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

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

October 30, 2018Acquisitions, Data Centers, Industrial, Midwest, Ohio