DC US cted as the sole placement agent to Stream Data Centers in connection with equity funding received from Iron Point Partners (Iron Point) for its latest data center development in Houston, Texas. The proceeds will be used to fund a wholesale data center development in The Woodlands, a master planned community located north of Houston. The development positions Stream to capture strong demand for wholesale data center space in the Houston metropolitan area. The new state-of-the-art data center will be a 76,000-square-foot ground-up development and will be constructed utilizing accredited construction and design practices required to achieve LEED Gold Certification. The facility will be carrier-neutral and will initially deliver 3.375 MW of critical power with the ability to easily expand the critical load to 6.75 MW with all necessary conduit and pads in place. Stream Data Centers is scheduled to break ground on its Houston Private Data Center in February and the facility will be fully-commissioned and ready for occupancy in December 2012.
Stream Data Centers specializes in developing secure, independent, highly efficient data centers for Corporate America. Since 1999, Stream has acquired and developed more than 1.3 million square feet of data center space, representing over 120 MW of power. Stream?s customers include Apple, AT&T, Catholic Health Initiatives, Chevron, The Home Depot and Nokia.
Iron Point currently manages more than $600 million of equity capital through Iron Point Real Estate Partners, L.P. and Iron Point Real Estate Partners II, L.P. (the Iron Point Funds). The Iron Point Funds pursue opportunistic investments in real estate transactions throughout the United States and North America. Iron Point’s flexible, multi-strategy approach has created investments over multiple market cycles in a variety of property types including office, industrial, hospitality, multi-family and specialty sectors such as military and student housing, affordable housing, senior assisted living and mission-critical data centers.