A few weeks ago, Eric Ballard, our Vice President of Network and Cloud, met with Jaymie Scotto Cutaia, CEO of JSA, at Telecom Exchange in Los Angeles. As an invite-only event for C-suite executives, the forum featured several panels highlighting the fast-moving trends shaping the future of technology and telecommunications across the US and the world.
At Stream, we have been busy this year shaping the future of the data center market at home in Dallas and beyond. As you might have seen, earlier in April, we announced the acquisition of 22.6 acres of land in the Dallas, Texas market with plans to construct an expandable 138,132 square foot hyperscale data center in Garland. We have broken ground and are targeting an August 2019 delivery date for the facility.
Overall, Stream’s new DFW VII – Garland facility will be our seventh data center in the Dallas area. We are consistently working to hone a good mix of both major and secondary market products that will suit all types of customer needs. Right now, we are seeing a lot of steady growth in the major markets like Dallas, Chicago and the Silicon Valley; as reliance on the cloud continues to grow, available inventory continues to be absorbed quickly. With that said, secondary markets are also seeing growth as Fortune 500 companies outgrow their conventional on-premises infrastructure. Overall, 2019 will be an exciting year for Stream Data Centers as we continue to eye expansions and plan upgrades.
As always, the number one differentiator we bring to the market is that we are not a one-size-fits-all type of data center provider. When customers come to us with their unique requirements, and ask if we can conform, the answer is always yes. From the provision of space, power and cooling to the optimization of operations expenditures, we’re able to support our customers in giving them best-in-class facilities and the know-how to ensure maximum ROI. Watch Eric’s full video to learn more