CyrusOne expands presence in North Texas

CyrusOne has plans for a new state-of-the-art data center campus in Allen, Texas, north of Dallas. The project will consist of three phases, with construction commencing in October. The first data center will be approximately 340,000 square feet, bringing CyrusOne’s total footprint in Texas to more than 1.7 million square feet. Upon completion, the site’s three data centers will offer more than 100 megawatts of available power.

When construction is finished, it will be one of the biggest such facilities in North Texas, which is second to Northern Virginia when it comes to data center construction. 

The new facilities will have access to multiple cloud providers and allow direct access to one of the largest fiber hubs in the United States, along with other CyrusOne hubs in the Dallas-Fort Worth area. Additionally, the new data centers will be linked to the CyrusOne National Internet Exchange (National IX), which delivers interconnection between other CyrusOne locations across the country.

CyrusOne operates 40 data centers facilities across the United States, Europe, and Asia to provide customers with the flexibility and scale to match their specific IT growth needs.

CyrusOne facilities are engineered to include the power-density infrastructure required to deliver high availability, including an architecture with the highest available power redundancy.

Investments in the data center category in the first half of 2017 were double that of the entire year prior at $18.2 billion, according to CBRE. At this pace, investment in the data center sector — which includes all single-asset, portfolio, and entity-level/mergers and acquisition transactions — is on track to surpass the total for the three previous years combined.

Several massive acquisitions and buyouts were announced within the data center industry in 2017 — setting pace for a record-breaking year, surpassing $10 billion according to JLL. Transaction during the first half of 2017 include Digital Realty's acquisition of DuPont Fabros for $7.6 billion;BC Partners and Medina Capital's acquisition of CenturyLink and Medina Capital assets to form Cyxtera in a $2.8 billion deal; Peak 10’s acquisition of ViaWest for $1.7 billion; and Digital Bridge's acquisition of Vantage for $1 billion.