Tuesday, October 17, 2017

Huge AllianceTexas data center on the way

Huge AllianceTexas data center on the way

New campus likely to be one of the largest in the nation

The developer of North Fort Worth’s huge AllianceTexas project will team up with a data center firm and Silicon Valley investors to build a huge data center complex.

Hillwood said Monday that it will work with T5 Data Centers and IPI Data Center Partners to build a 350- to 400-acre data center campus at AllianceTexas.
The team plans to market construction sites in the campus to data center companies and corporations. It would be one of the largest such projects in the nation.

AllianceTexas is already home to one of the biggest data centers in the country — Facebook’s more than $1 billion project on State Highway 170.

The planned data center campus will surround the Facebook development, which is still expanding

“Rapid growth in Fort Worth is catching the attention of large technology companies, like Facebook, and is reinforcing AllianceTexas’ position as a premier destination for data centers,” Hillwood President Mike Berry said in a prepared statement. “With highly acclaimed data centers already developed in eight major markets across the United States, T5 and IPI Partners are ideal partners for expediting the evolution of AllianceTexas as a large-scale data center destination.

“This partnership will allow us to quickly deliver even more data center campuses to the growing number of customers who want to more efficiently serve North Texas and the broader market.”

The development sites Hillwood will include in the deal are large enough to potentially duplicate all the data center

capacity in the D-FW area. The sites could potentially be used for more than 5 million square feet of buildings.

North Texas is one of the fastest growing data center markets in the country, second only to Northern Virginia. Demand for telecommunications and data-handling facilities is increasing in the D-FW area as companies grow and the local population booms.

Almost a dozen data center projects are under development in the area.

Hillwood’s partner IPI Data Center Partners Management is funded by Iconiq Capital LLC, a San Franciscobased investor whose clients include Facebook founder Mark Zuckerberg, Napster founder Sean Parker and Twitter CEO Jack Dorsey.

Iconiq has been in business for six years and has more than $1.4 billion in investments. Iconiq is also an equity investor in T5.

T5 Data Centers is already a player in the North Texas data center market and also has facilities in Atlanta, Los Angeles, Portland, Charlotte, Chicago, New York and Colorado.

“This partnership with Hillwood and IPI Partners brings together a highly experienced team ready to deliver hyperscale campuses for discerning data center cus- tomers,” Pete Marin, president and CEO of T5, said in a statement.

Hillwood officials say that the AllianceTexas development is an ideal location for data centers because of the availability of multiple electric utilities and substations as well as access to fiber telecommunications networks.