T5 Data Centers, Hillwood, And IPI Partners Form Partnership
The partnership is designed to develop T5@Alliance, a Hyperscale Data Center Campus at AllianceTexas.
T5 Data Centers (T5) and Hillwood are partnering to co-develop a data center campus within AllianceTexas, the 18,000-acre master-planned, mixed-use development in north Fort Worth. Development of the T5@Alliance data center campuse is backed by IPI Data Center Partners Management, LLC (IPI Partners), which invests in data centers and other technology and connectivity-related real assets and is sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC.
The T5@Alliance campus is a unique scaled opportunity for the data center market. AllianceTexas has initially dedicated 350 to 400 acres of its infrastructure rich master plan specifically for data centers. The massive pad sites with the infrastructure necessary to ensure uninterrupted power, telecommunications, and operations, provide the foundation for T5 to construct enterprise-scale, customized data centers that meet customers' specific requirements. At full build-out, the development is capable of delivering 400+ megawatts of dedicated critical power, which replicates the current capacity of the entire Dallas-Fort Worth marketplace.
"Cloud and hyperscale data center users are looking for locations that can offer a growth pathway, incentives, resiliency and speed to operation, all with low costs. T5@Alliance offers a perfect combination of these critical requirements," said Pete Marin, president and CEO of T5. "This partnership with Hillwood and IPI Partners brings together a highly experienced team ready to deliver hyperscale campuses for discerning data center customers."
"Rapid growth in Fort Worth is catching the attention of large technology companies, like Facebook, and is reinforcing AllianceTexas' position as a premier destination for data centers," said Mike Berry, president of Hillwood, developer of AllianceTexas. "With highly acclaimed data centers already developed in eight major markets across the United States, T5 and IPI Partners are ideal partners for expediting the evolution of AllianceTexas as a large-scale data center destination. This partnership will allow us to quickly deliver even more data center campuses to the growing number of customers who want to more efficiently serve North Texas and the broader market."
Redundancy is one of the core reasons that data centers find AllianceTexas attractive. The development is served by two separate transmission sources, Brazos Electric Power Cooperative and Oncor, which come together at the same location to provide power independently with transmission-level redundancy. Four substations currently exist at AllianceTexas, with locations identified for multiple additional substations, which enhance redundancy opportunities for development sites. This component, combined with the fact that Texas operates on its own electrical grid, mitigates the risk that data center operations will be disrupted by power outages. The state's deregulated electricity marketplace also makes power extremely affordable.
Multiple long-haul and domestic fiber providers are also in place throughout AllianceTexas. In addition, the development is served by water supplied by the City of Fort Worth. The water system within AllianceTexas has been constructed and was purposefully designed to provide critical redundancy, with interconnections between three transmission water mains.
"The partners share the same vision for providing customers with customized data center solutions, making this a great opportunity to leverage our capabilities and resources to support the growing demands of colocation, enterprise, and hyper-scale users across the region," said Reid Goetz, vice president of Hillwood. "The massive pad sites at T5@Alliance, which are already served with critical infrastructure, make the development a great platform on which the partners can create one of the world's top data center destinations. Facebook and other FORTUNE 500 users have already recognized the substantial advantages of this location for massive installations. Redundancy, the presence of multiple fiber providers, access to an ample volume of water and the region's moderate weather all help ensure reliable, uninterrupted service of data centers at AllianceTexas."