DALLAS, TX, February 1, 2019 – Dallas-based Stream Data Centers, the data center development and operating subsidiary 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 been providing premium data center solutions to Fortune 500 companies since 1999. To date, Stream has acquired and developed over two million square feet of data center space nationally, representing more than 200 megawatts of power.
Product offerings include Hyperscale Data Centers, Private Data Center™ Suites, Ready-to-Fit™ Powered Shells, Colocation and Build-to-Suit Data Centers – all with immediate connection to network carriers and public cloud providers. Above all, Stream is dedicated to improving the data center experience through exceptional people and service.
Stream Data Centers is a subsidiary of Stream Realty Partners, L.P., a full service commercial real estate investment, development and services company. Founded in 1996, Stream Realty has a staff of more than 800 real estate professionals with offices in 12 markets across the nation. The company manages over 170 million square feet of commercial properties and completes approximately $3 billion in transactions annually.