Signal Hill Acts As Placement Agent for Stream Data Centers Equity Investment From Iron Point Partners
Signal Hill acted as the sole placement agent to Stream Data Centers in connection with equity funding received from Iron Point Partners for its latest site in Chaska, MN, which is located approximately 25 miles southwest of downtown Minneapolis. Home to 20 of the Fortune 500 companies and a number of the largest privately-held companies in the world, the area is a pro-business community that also boasts climatic stability and low electricity rates.
The Stream Private Data Center development in Minneapolis is a single-story, purpose-built, 76,500-square-foot, structurally enhanced data center building designed to withstand 146 mph winds and uplift. The building is pre-engineered with conduits and pads in place to expand the power and cooling infrastructure up to 3,600 kilowatts of critical load power to each of the three 10,000-square-foot raised-floor Private Data Center Suites. The data center will be fully commissioned upon delivery. This build will be Stream Data Center’s third venture with Iron Point following its data center developments in Houston, TX and San Antonio, TX.
Stream Data Centers specializes in developing secure, independent, highly-efficient data centers for Corporate America. Since 1999, Stream has acquired and developed more than 1.3 million square feet of data center space, representing over 120 MW of power. Stream’s customers include Apple, AT&T, Catholic Health Initiatives, The Home Depot and Nokia.
Iron Point Partners is an investment management firm that currently manages more than $1.3 billion of equity capital through various discretionary private equity funds (the “Iron Point Funds”). The Iron Point Funds pursue opportunistic equity and debt investments in real estate transactions throughout the United States and North America. Iron Point’s flexible, multi-strategy approach has created investments over multiple market cycles in a variety of property types including office, industrial, hospitality, multi-family and specialty sectors such as military and student housing, affordable housing, senior assisted living and mission-critical data centers.
About Signal Hill
Signal Hill is a leading independent advisory boutique serving the M&A advisory and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With over 500 completed transactions and offices in Baltimore, Bangalore, Boston, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.