Newmark Knight Frank (NKF) has announced that the firm will be handling the leasing of KDC’s new 130,000 sq ft data center development in Richardson, Texas. Bryan Loewen, executive managing director, NKF, who leads the company’s global data center practice, will be representing Dallas’ largest office developer on this project. KDC has previously developed five other ground-up powered shell data center developments in Richardson.
With land purchased from State Farm, KDC will officially break ground on the project in February. The 130,000-sq-ft powered shell is slated for completion in September of 2019. Located at 1510 East Lookout Drive, the data center is likely positioned for a single tenant cloud service provider, retail or wholesale data operator or enterprise corporation.
“We are thrilled to be working with KDC on the leasing efforts at its newest data center development in Richardson. This site is one of the few remaining readily developable pieces of land in the Richardson Telecom Corridor,” said Loewen. “My team and I prioritize our relationships with data center users and will work tirelessly to identify the right tenant for the space.”
“Our team’s experience in developing data centers in the Richardson market and across the nation makes this project an ideal fit for our company,” said Ab Atkins, senior vice president, KDC,. “The continued growth and success of development in the Richardson market is exciting as we continue to invest in this region.”
The Richardson/Plano submarket is experiencing some of the most rapid and diversified growth within the Dallas-Fort Worth market. Richardson itself is home to the Telecom Corridor, which encompasses numerous other data centers, telecommunications tenants, and semiconductor and software companies. Additionally, the area is ripe with start-ups in the technology sector and has begun to draw corporate relocations, including such major tenants as State Farm, Blue Cross, RealPage, and others. Richardson is one of the most desired data center locations in the world due to the convergence of an immense fiber optic infrastructure, exceptionally reliable and low-cost electricity, and a favorable business climate.