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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.