CyrusOne Expands into Austin Market
High-density colocation specialist CyrusOne continues to expand its footprint in the Texas data center market, announcing today that it will build a data center in Austin, Texas. The 50,000-square-foot facility is located in Austin’s MetCenter business park, which has been actively marketing itself as a destination for data center development.
CyrusOne said it has already lined up two anchor tenants from the energy industry to take space in the new data center, allowing CyrusOne to enter the market with positive operating income. The expansion gives the fast-growing Houston-based company six facilities totaling 380,000 square feet in Texas, including two facilities in Houston, three in Dallas and one in Austin.
“We have always been drawn to Austin because of the city’s vibrant culture and expanding technology industry, as well as its proximity to Houston and Dallas,” said David Ferdman, President and Chief Executive Officer of CyrusOne. “Now that we’ve created a strong and differentiated data center colocation platform that has great momentum in the Dallas and Houston markets, we are ready to finally bring a best-in-class data center option to the Austin marketplace.”
The MetCenter park features two on-site electric substations each with the capacity to reach 400 megawatts fed from separate power sources, an underground electrical infrastructure and redundant telecom and water infrastructure.
Austin has been a magnet for enterprise data centers in recent years, attracting major projects by Citigroup, HP and Lowe’s. “We are excited about CyrusOne’s decision to invest in Austin by locating its next data center in Central Texas,” said Gary Farmer, Chair, Opportunity Austin, and President, Heritage Title Company. “The addition of CyrusOne’s uniquely designed facility is a great fit for Opportunity Austin’s strategy to develop a high-tech environment for existing local business as well as those entering the Austin market.”
Cyrus One is owned by ABRY Partners, a Boston-based private equity firm that bought the company in 2007 and has backed the data center expansion program.