Anthony Bolner, senior vice president with Stream RealtyPartners' Dallas office, says San Antonio was selected for theproject because of the low cost of available power. The center willhave two 10-megawatt utility feeds, with the primary feed comingfrom the proposed 200-megawatt Westover Hills substationimmediately adjacent next to the site on Rogers Road.

|

"CPS, the city-owned utility in San Antonio has a generation mixof coal, nuclear and natural gas," Bolner says in a press release."It means they can produce electricity at a much lower cost."

|

Another driver is the 417,000-sf Microsoft data center, which isnext to Stream's site. Because of that, Bolner tells GlobeSt.comthat the targeted tenants will be large corporate data center userswho want a secure site with large setbacks that is out of the wayof rail lines and flight paths while offering large amounts oflow-cost power. The building can be expanded to 350,000 sf, ifneeded.

|

The quoted rate is $30 per sf, annually, triple net, for thefully-powered shell. Bolner says Stream's intent is to do along-term lease with an enterprise user. Others on the Streamleasing team are Paul Moser and Rob Kennedy. Corgan Associates Inc.of Dallas designed the data center and Hill & Wilkinson Ltd. ofPlano is building it.

|

The data center is going vertical three months after selling itsfirst ready-to-fit building, which is along Pinecrest Drive inLegacy Business Park in Plano, north of Dallas. Bolner says Streamwill undertake other ready-to-fit buildings in other markets, asdemand dictates.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.