STACK INFRASTRUCTURE, Hillwood, and IPI Partners Announce Partnership to Develop Hyperscale Data Center Campus at AllianceTexas
January 17, 2019
FORT WORTH, Texas & DENVER–(BUSINESS WIRE)–STACK INFRASTRUCTURE (“STACK” or the “Company”), the data center
platform built from the ground up to address the infrastructure needs of
rapidly growing hyperscale and enterprise companies, and Hillwood, one
of the nation’s leading real estate companies, announced today that they
have partnered to co-develop a data center campus at AllianceTexas. The
partnership is a continuation of the joint venture originally formed in
October 2017 between Hillwood and IPI Partners, an investor in data
centers and other technology and connectivity-related real assets
co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point
Partners, LLC. This announcement follows the recent launch of the STACK
platform on January 15, 2019 (for more information, please see the
latest press release on the STACK
INFRASTRUCTURE launch.)
AllianceTexas is a 26,000-acre master-planned, mixed-use project
developed by Hillwood, located in north Fort Worth with 45 million
square feet of development and over $9 billion in private investment
to-date. AllianceTexas is home to five data centers including Facebook’s
fifth global data center campus and four other FORTUNE 500 users. Over
400 acres are dedicated specifically for data centers, with critical
infrastructure in place to ensure uninterrupted power,
telecommunications, and operations for customized hyperscale facilities.
At full build-out, the data center campus is capable of delivering 400+
megawatts of dedicated critical power, replicating the current capacity
of the entire Dallas/Fort Worth market.
“We see AllianceTexas as one of the most compelling locations in the
country for hyperscale data centers. Given the magnitude of the
infrastructure already in place, AllianceTexas provides the opportunity
for the completion and delivery of build-to-suit projects to support
immediate demand,” said Brian Cox, Chief Executive Officer of STACK.
“STACK’s mission includes supporting our client’s largest infrastructure
requirements and partnering with Hillwood is a brand new opportunity to
jointly solve this for our clients.”
“AllianceTexas checks all of the critical site selection boxes out of
the gate with massive scale, pad-ready locations, and tremendous power
capacity immediately available,” added Ty Miller, Chief Revenue Officer
at STACK. “Like Facebook and others have already found, by unlocking tax
incentives for large users and taking advantage of very low power rates,
STACK and AllianceTexas can deliver a total cost of occupancy and
agility value proposition that is pretty hard to beat in any major
market in the United States.”
“We are very excited about the STACK platform and the progress we’ve
made in establishing AllianceTexas as one of the world’s leading data
center destinations,” said Mike Berry, President of Hillwood. “As the
demand for large data center campuses in central U.S. availability zones
continues to grow, this partnership positions us to quickly deliver at a
low total cost of occupancy in one of the most attractive locations in
the country.”
For additional information on the Data Center Campus at AllianceTexas,
please contact Ty Miller (TMiller@stackinfra.com).
ABOUT ALLIANCETEXAS
Celebrating its 30th anniversary in 2019, AllianceTexas is an
unparalleled regional success story that has transformed the North Texas
economy and connected the area to global industry. Anchored by Fort
Worth Alliance Airport, the world’s first dedicated industrial airport,
and led by Hillwood’s development of 26,000 acres, AllianceTexas is home
to over 500 companies which have built more than 45 million square feet
and created over 61,000 jobs, its estimated cumulative impact since 1989
is more than $76 billion for North Texas. The Alliance region hosts one
of the nation’s premier intermodal hubs and has expanded far beyond its
industrial roots to include corporate headquarters, healthcare
providers, higher education centers, shopping and entertainment
destinations, and vibrant residential communities. From the newest
homeowner to the most well-known of Fortune 500 companies, opportunity
thrives at AllianceTexas. For additional information, please visit www.alliancetexas.com.
ABOUT STACK INFRASTRUCTURE
STACK is a leading data center company built from the ground up
to address the full stack of its clients’ critical infrastructure needs,
today and into the future. The Company delivers a comprehensive suite of
wholesale colocation, build-to-suit, and powered shell solutions in six
markets today: Atlanta, Georgia; Chicago, Illinois; Dallas/Fort Worth,
Texas; Northern Virginia; Portland, Oregon; and Silicon Valley,
California. With unparalleled existing and flexible expansion capacity
in the leading availability zones, STACK provides the scale and
geographic reach that rapidly growing enterprises and hyperscale
companies need. For more information, please visit www.stackinfra.com.
ABOUT HILLWOOD
Hillwood, a Perot company, is a premier industrial, commercial and
residential real estate developer and manager with projects throughout
North America and Europe. With a diverse portfolio of properties which
have become home to many of the world’s leading companies, Hillwood is
committed to bringing long-term value to our customers and partners and
the communities in which we serve.
Hillwood also served as the lead developer of marquee projects
nationwide, from the Air Force Memorial in Washington, D.C. to the Perot
Museum of Nature and Science and the American Airlines Center in Dallas.
For additional information, please visit www.hillwood.com.
ABOUT IPI DATA CENTER PARTNERS MANAGEMENT, LLC
IPI Data Center Partners Management, LLC invests in data centers and
other technology and connectivity-related real assets and is sponsored
by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC.
Contacts
Media Contact:
Laura Pirmann
iMiller Public Relations
press@stackinfra.com
Tel:
+1.866.307.2510
Mercedes Bolen
Hillwood
817-224-6002
mercedes.bolen@hillwood.com