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Stream Data Centers Advises Purchaser in Large Sale-Leaseback Transactions in Texas and Washington

Stream Data Centers Advises Purchaser in Large Sale-Leaseback Transactions in Texas and Washington
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DALLAS, TX, February 1, 2019 ­– Dallas-based Stream Data Centers, the data center development and operating affiliate of Stream Realty Partners, has announced the successful completion of a sale-leaseback of two NTT Data campuses in Plano, Texas and Quincy Washington. Stream acted as advisor for the purchaser, a large San Francisco-based investment firm.

The Plano property is a large, infrastructure-rich corporate headquarters campus. The property contains over one million square feet of space, including two data center facilities occupied by NTT Data on a long-term basis, leasable office space, and an expandable on-site substation, facilitating future data center development.

The Quincy property is a data center facility also leased back to NTT Data on a long-term basis. The data center totals approximately 180,000 SF, with robust infrastructure including 14 MW of gross utility power. The transaction also included 60 acres of land for future data center development.

According to Co-Managing Partner Paul Moser, this was a complex transaction with many nuances.
At the end of the day, all parties achieved their desired goals and were extremely pleased with the outcome.

To learn more about Stream Data Centers’ products and services, visit the company’s website at  www.streamdatacenters.com.

About Stream Data Centers

Stream Data Centers has provided premium data center services since 1999, with 90% of its inventory leased to Fortune 100 customers. To date, the company has acquired, developed and managed more than 27 data center projects nationally, while leadership has remained consistent for all 25 years.

From site selection to data center construction and operations, Stream develops wholesale colocation capacity and build-to-suit facilities for hyperscale and enterprise users in major markets across the United States. Additionally, Stream sources and develops low-risk land sites for optimum data center development and provides energy procurement services with a focus on reducing market risk and providing low-cost renewable energy options.  All of Stream’s facilities feature carrier-neutral, low latency connectivity to network and public cloud providers.

Stream Data Centers is headquartered in Dallas, Texas and is the technical real estate affiliate of Stream Realty Partners, a full service commercial real estate investment, development and services company. With $8.8 billion in annual transactions and 1,400+ professionals in 17 core markets, Stream is one of the most successful commercial real estate firms in the nation.