STACK INFRASTRUCTURE, Hillwood, and IPI Partners Announce Partnership
The partnership will develop hyperscale data center campus at AllianceTexas.
STACK INFRASTRUCTURE and Hillwood have announced that they have partnered to co-develop a data center campus at AllianceTexas. The partnership is a continuation of the joint venture originally formed in October 2017 between Hillwood and IPI Partners, an investor in data centers and other technology and connectivity-related real assets co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC. This announcement follows the recent launch of the STACK platform on January 15, 2019.
AllianceTexas is a 26,000-acre master-planned, mixed-use project developed by Hillwood, located in north Fort Worth with 45 million sq ft of development and over $9 billion in private investment to-date. AllianceTexas is home to five data centers including Facebook’s fifth global data center campus and four other FORTUNE 500 users. Over 400 acres are dedicated specifically for data centers, with critical infrastructure in place to ensure uninterrupted power, telecommunications, and operations for customized hyperscale facilities. At full build-out, the data center campus is capable of delivering 400+ megawatts of dedicated critical power, replicating the current capacity of the entire Dallas/Fort Worth market.
“We see AllianceTexas as one of the most compelling locations in the country for hyperscale data centers. Given the magnitude of the infrastructure already in place, AllianceTexas provides the opportunity for the completion and delivery of build-to-suit projects to support immediate demand,” said Brian Cox, chief executive officer of STACK. “STACK’s mission includes supporting our client’s largest infrastructure requirements and partnering with Hillwood is a brand new opportunity to jointly solve this for our clients.”
“AllianceTexas checks all of the critical site selection boxes out of the gate with massive scale, pad-ready locations, and tremendous power capacity immediately available,” added Ty Miller, chief revenue officer at STACK. “Like Facebook and others have already found, by unlocking tax incentives for large users and taking advantage of very low power rates, STACK and AllianceTexas can deliver a total cost of occupancy and agility value proposition that is pretty hard to beat in any major market in the United States.”
"We are very excited about the STACK platform and the progress we’ve made in establishing AllianceTexas as one of the world’s leading data center destinations," said Mike Berry, president of Hillwood. “As the demand for large data center campuses in central U.S. availability zones continues to grow, this partnership positions us to quickly deliver at a low total cost of occupancy in one of the most attractive locations in the country.”