In January, Stream Data Centers announced their plans to expand and build in Plano’s Legacy Business Park. With this being their second data center development at Legacy, and their fourth development in Dallas in the last four years, it’s evident that this master-planned, purpose-built facility will provide secure support and management for the fast-growing market.
With Forbes speculating that Dallas is one of the top five U.S. cities poised to become the next Silicon Valley, the demand for data center development is higher than ever. This conjecture is backed by the sustained growth of the Dallas market and, in particular, the Far North Dallas submarket, one of the most active markets for large-scale corporate relocations and expansions in the country. Boasting one of the highest job growth rates in the U.S. at 4.1 percent, and with strong, dynamic, local economy continuing to rise, it’s no wonder corporations like Toyota and State Farm are moving their headquarters to North Texas.
“Stream’s data center in Plano continues our Texas expansion and provides an excellent addition to our portfolio,” said Rob Kennedy, co-managing partner of Stream Data Centers. “This facility will provide enterprise users with an attractive wholesale option in one of the area’s fastest growing markets.”
As for Legacy Business Park, business continues to boom. Last year, Plano created and retained nearly 8,300 jobs for North Dallas, and this was facilitated by the arrival of Liberty Mutual’s regional headquarters and Ciber, along with the expansion of Nokia, Capital One Finance and KFC Global, Pizza Hut Global, and Pizza Hut U.S. Just this month, Crestron Electronics, a New Jersey-based high-tech firm, announced that they would be bringing hundreds of jobs to Legacy Tower, just off the tollway. Perhaps Crestron’s Vice President Steve Rosa described the appeal of the region best when he said, “We are utilizing Plano’s reputation for having both excellent technical resources and being consistently rated one of the best places to work.”
By: Steve Brown
The Dallas Morning News