July 26, 2011
Stream Data Centers Completes Sale of San Antonio Data Center to Fortune 100 Corporation
SAN ANTONIO, July 26, 2011 /PRNewswire/ -- Stream Data Centers announced that it has completed the sale of its San Antonio Ready-to-Fit (RTF) Data Center to a Fortune 100 Corporation. The 150,000-square-foot facility is located on 33 acres in Westover Hills in San Antonio, Texas. The purchasing company conducted a national search and considered multiple locations in the Southwest U.S. before ultimately selecting Stream's RTF Data Center in San Antonio. Terms of the transaction are not being disclosed.
The Stream RTF Data Center features 8-inch-thick concrete walls and a concrete roof system designed to withstand 175 mph winds. The building is served by two, 30-megawatt electric feeds from two, 300-megawatt substations. The lengthy process of site selection, due diligence, entitlement and zoning is complete and all city approvals for all essential data center elements are in place.
"This sale is an example of the strong corporate demand for data centers and a testament to the strengths of the San Antonio market," said Paul Moser, co-managing director of Stream Data Centers. "San Antonio has emerged as one of the most active enterprise data center markets in the country over the last five years."
The purchaser is among a number of major organizations launching new data center projects in San Antonio including Microsoft, National Security Agency (NSA), Valero, Lowe's, Christus Healthcare, Frost Bank and The Capital Group.
The power and water infrastructure within San Antonio make it a desirable location for data center operations. San Antonio's municipally-owned utility provider, CPS Energy, offers some of the lowest electricity rates in the Central U.S. The competitive utility rates and CPS Energy's willingness to partner with companies on renewable energy initiatives are critical factors in many corporations' site selection process.
About Stream Data Centers
Stream Data Centers has a twelve year track record of providing space for large, enterprise data center users including Apple, AT&T, The Home Depot, Nokia and others. During that time Stream has acquired or developed more than 1.2 million square feet of data center space in Texas, California and Colorado. For more information, visit Stream Data Center's website at www.streamdatacenters.com..
SOURCE Stream Data Centers