The Aphorio Carter Fund Management Company (Aphorio) recently announced it had completed the acquisition of a data center in Bryan, Texas. Located 100 miles northwest of Houston and just 150 miles from the Gulf Coast, the colocation facility was fully leased to data center solutions provider Fibertown at the time of sale.
According to statements made regarding the transaction, Aphorio — the critical infrastructure and data center division of Tampa, Fla.-based Carter Funds — closed the deal for $55 million. This marked the third data center purchase for the Carter Funds company.
“The Fibertown Data Center is an extremely well-maintained asset in an ideal location of Texas, providing businesses in the Gulf Coast a carrier-neutral, one-stop solution for best-in-class technology and amenities to support their business continuity needs,” said John Regan, chief investment officer of Aphorio Carter. “The incredible demand for technology, digital storage, data transmission, and added capacity at data centers that support our digital-driven world continues to grow rapidly, and we are excited about the opportunity and value this data center brings to our portfolio.”
Currently, the Fibertown Data Center houses mission-critical systems and disaster recovery operations for Fortune 500 companies and organizations along the Gulf Coast. The company recently signed a 20-year net lease for the space it occupies at the property. Fibertown reportedly invested more than $30 million for significant renovation of the property in 2008 and has invested between $250,000 and $500,000 in the property annually since 2005.
The asset is situated on a .57-acre lot at 110 N. Main St. and includes two data center components and one building totaling nearly 70,000 square feet of Bryan office space. Well-positioned in the College Station area of southeastern Texas, the Fibertown data center benefits from limited competition, a favorable climate, and a centralized location with high accessibility to serve Houston, San Antonio, Austin, Dallas and other major Texas markets.
According to Fibertown information on the property, the data center is located outside the FEMA 500-year flood zone, which makes it quite safe from hurricanes and flooding. The standalone, 24,000-square-foot facility provides high availability, security and redundancy through several key features, including:
- A high-performance power system that’s tolerant of failure, with no single point of failure
- Hot and cold aisles that ensure efficient cooling
- Carrier-neutral connectivity, only 150 feet from a local fiber nexus
- Round-the-clock facility security, as well as SSAE 18 SOC 1, Type 2-audited security compliance
Dallas-Fort Worth, San Antonio, Houston Among Fastest-Growing Data Center Markets
Notably, Texas is home to some of the fastest-growing data center markets in the country. In fact, when researching our data center construction and sales report, we found that three major Texas markets ranked among the most prolific in terms of new data center construction.
Specifically, the Dallas-Fort Worth metroplex ranked second-best in the U.S. for inventory growth between 2012 and 2021. Construction activity here yielded 5 million square feet of new data center space in the market, which represented a nearly 57% increase of local data center space. What’s more, with a total of 14 million square feet of Dallas data center space that was accounted for at the close of 2021, the metroplex also ranked second-largest in the country after Washington, D.C.
At the same time, developers in San Antonio added 1.1 million square feet of new data space to the market (ranked 11th), which increased the local inventory from 808,000 square feet in 2012 to roughly 1.9 million square feet at the close of 2021 — a whopping 132% 10-year increase for the burgeoning market.
Meanwhile, Houston ranked 14th, with 792,000 square feet of new data center space added from 2012 through 2021 — a market expansion of 43% from 1.9 million square feet of Houston data space in 2012 to 2.7 million at the close of 2021.
Looking for data center and office space in the best locations? Select any of the markets linked below and check out the local listings!