CoreSpace, a Las Vegas-based provider of data center services, is relocating its headquarters to Dallas. The company has acquired a 30,000-square-foot building at 7505 John Carpenter Fwy., near Mockingbird Lane.
Phil Rosenfeld, Matt Thompson, and Tom Pearson with Colliers International represented CoreSpace in the buy.
Dallas won out over several other markets, said Mark Wulff, who’s heading up operations for CoreSpace. “I’ve flown around the country the last couple of years, looking at Washington, D.C., on the East Coast, in the Midwest, in Arizona—just about every place possible,” he said. “Dallas brought three things to the mix: a large pool of employees—the depth of technical resources here is astronomical; second, Texas has its own power grid, which is very favorable for a data center in terms of stability and cost; and third, you get a great bang for your buck on real estate; the values here are unbelievable.”
CoreSpace has already hired about 15 people. The company caters to the SMB (small and midsize businesses) market. It has operations in 12 other U.S. cities, including New York, Atlanta, Los Angeles, and Las Vegas.
In Dallas, it decided to own rather than lease. “You’re held hostage when you don’t fully control the facility,” Wulff said. “You don’t control power costs or connectivity. Now we can lock in long-term contracts. Cost and consistency are critical for SMBs.”
Although the data center market is becoming increasingly competitive, fewer companies target smaller and midsize companies, Wulff said. CoreSpace considers itself a “meat and potatoes” provider, without a lot of frills. “We keep it lean and mean and offer very competitive pricing with a 100 percent uptime guarantee,” Wulff said. “We’re also very customer service-focused. Clients don’t need to make appointments to come in. We’re here 24/7.”
Rosenfeld said data center activity has picked up in North Texas. “I think we’ll continue to see that,” he said. “As Mark said, having our own power grid is critical, and Dallas has the talent pool and connectivity, too.”
CoreSpace offers a full range of services, depending on a client’s needs. Demand is strong—even getting to the consumer level through cloud computing, Wulff said.
“There’s a much larger customer base to go after,” he said. “It’s so exciting to see the industry come back in a way I haven’t seen since the dot.com era. With the response we’ve had so far, we’re already talking about finding another building and expanding in Dallas. This market is way better than we ever anticipated; there’s a lot of opportunity here.”