As a result of previous success in the data center markets of 1999/2000, Stream continued to look for opportunities to purchase vacant data centers
In late 2000, the web hosting industry became oversaturated and over built. This resulted in numerous bankruptcies from companies such as PSI NET, Exodus Communications, WorldCom, etc. A flood of Tier III facilities came back to the market
After 9/11, there was huge demand for back-up / redundant processing facilities and disaster recovery for the financial services industry and ultimately all of Corporate America
The data center was eventually sold to a Fortune 50 retailer
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