ALLEN, Texas (October 31, 2017) – CyrusOne (NASDAQ:CONE), a premier global data center REIT, broke ground Thursday morning on the first phase of their newest data center campus. The project is the first to be constructed by the company from the ground-up in North Texas and is located near the intersection of Stacy Road and Chelsea Boulevard in Allen.
“We couldn’t be more excited to be here to ground break on our latest, state-of-the-art data center in Allen,” CyrusOne Executive Vice President and General Counsel Robert Jackson said. “Throughout this process everyone with the city and Allen’s Economic Development team was a pleasure to work with and we’re grateful that we could together bring this opportunity to fruition.”
The site’s first data center will total 340,000 square feet and upon completion, the campus’ three data centers will offer more than 100 megawatts of available power. The Allen facility will bring CyrusOne’s total footprint in Texas to over 1.7 million square feet. The company is a global owner and operator of enterprise data centers, which are necessary to meet the ever-increasing demand for data storage in today’s business and high-tech world.
Allen Mayor Stephen Terrell welcomed the company to the city, noting that the facility’s environmentally friendly design minimizes the use of natural resources and has nominal impact to city services. “We appreciate CyrusOne locating a facility in Allen that will provide a great deal of additional sales and property taxes, which greatly benefits our city and schools.” he said.
According to CyrusOne, the new site represents the next step in the company’s long-term expansion plan and was selected because of its proximity to Dallas, access to energy sources and high-speed connectivity capabilities.
Allen Economic Development Corporation (AEDC) Director Dan Bowman spoke of the board’s excitement regarding data centers. “A number of years ago, Cisco validated our market by locating a $500 million production data center on a site just south of this project,” he explained. “That decision set the stage for this current project, which could be roughly a billion-dollar investment. It’s a huge boon for our economy, a strong community partnership, and a great example of the way we do business in Allen.”
About the Allen Economic Development Corporation:
The Allen Economic Development Corporation (AEDC) is funded through a city-wide half-cent sales tax and charged with facilitating company relocations and assisting the expansion of existing businesses, which creates jobs and generates additional tax revenue to the community. Today, Allen’s total ad valorem tax base exceeds $8.5 billion. The AEDC was instrumental in assisting over $1.6 billion in announced projects this year, including: NETSCOUT, a leading technology provider and their new 145,000 square-foot office facility, One Bethany at Watters Creek, a 125,000 SF Class A office building and the new Delta Hotels by Marriott and Watters Creek Convention Center, a $91 million, four-star hotel with 90,000 SF of convention space, all of which have broken ground in 2017. For more information, visit www.allenedc.com.
CyrusOne, (NASDAQ: CONE) is a high-growth real estate investment trust (REIT) specializing in highly reliable enterprise-class, carrier-neutral data center properties. The Company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure for nearly 1,000 customers, including 190 Fortune 1000 companies and nine of the top 10 cloud providers.
With a track record of meeting and surpassing the aggressive speed-to-market demands of hyperscale cloud providers, as well as the expanding IT infrastructure requirements of the enterprise, CyrusOne provides the flexibility, reliability, security, and connectivity that foster business growth. CyrusOne offers a tailored, customer service-focused platform and is committed to full transparency in communication, management, and service delivery throughout its 40 data centers worldwide. Additional information about CyrusOne can be found at www.CyrusOne.com.
Allen Economic Development Corporation Contact:
David M. Baum