July 21, 2011
Stream Data Centers Announces Sale of Richardson, Texas Data Center to Carter Validus Mission Critical REIT
RICHARDSON, Texas, July 21, 2011 /PRNewswire/ -- Stream Data Centers announced the sale of its private data Center located in the Dallas suburb of Richardson, Texas, to Carter Validus Mission Critical REIT. The 20,000-square-foot data center is a single-story, structurally-enhanced building containing 10,000 square feet of 36-inch raised-floor data center space. The data center facility includes dual feed power from separate substations, 1.68 megawatts of critical load and a 2N electrical / N+1 mechanical configuration.
Stream developed the building in 2010 and completed construction and commissioning on the data center facility in October 2010. A long-term lease with a major national healthcare organization was executed in January 2011.
"We are thrilled to complete this transaction with Carter Validus," stated Robert Kennedy, co-managing director of Stream Data Centers. "The company is acquiring a tremendous asset with the highest quality physical infrastructure and an excellent long-term tenant that maintains an investment grade corporate credit rating."
Stream chose Richardson as the site for its private data center because of its robust power and fiber infrastructure. Richardson's proven infrastructure has attracted major data center operations and critical facilities for companies such as Cisco Systems, Bank of America, Capital One, AT&T, Verizon, Texas Instruments and Fujitsu.
Kennedy adds, "Richardson has been a strong growth market for us and we look forward to breaking ground on our next data center project in the community this August."
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 and developed more than 1.2 million square feet of data center space in Texas, California, and Colorado. Stream Data Centers is wholly-owned by Stream Realty Partners, L.P., a full-service real estate investment, development and services company. For more information, visit Stream Data Center's website at www.streamdatacenters.com and www.streamrealty.com.
SOURCE Stream Data Centers