Hilco Streambank Invites Bids for Dallas Data Center Operations and Assets
On June 2, 2025, Hilco Streambank, a prominent advisory firm specializing in intellectual property transactions and valuation, announced an exciting opportunity for investors. The firm is actively seeking offers for CoreSpace, a well-established data center located in Dallas, Texas. CoreSpace operates in a competitive market, delivering essential services to over 200 clients, with a dedicated staff of just six employees.
CoreSpace offers a range of services including colocation, public and private cloud solutions, dedicated and virtual servers, and SEO, mainly targeting small and medium-sized businesses. Strong customer loyalty is evident, as many clients have been with CoreSpace for over a decade, allowing the company to generate significant revenue, reporting over $1.3 million in 2024. Notably, its top ten customers contributed more than $50,000 each in annual billing.
A key feature of this offering is the physical asset that accompanies the business. The data center occupies a 30,000 square foot facility that boasts prime freeway visibility in Dallas. This facility not only stands as the operational hub for CoreSpace but includes valuable features like 1 megawatt of conditioned power and the capability to draw up to 1.5 megawatt of utility power, all supported by a company-owned backup generator. Currently, CoreSpace utilizes less than 30% of its power infrastructure, which presents an attractive expansion potential for any future buyers.
In addition to the physical real estate, Hilco Streambank is including a substantial inventory of infrastructure, equipment, and the necessary components for critical power and HVAC systems. Furthermore, the assets for sale include over 130,000 ARIN allocated IP addresses, trademarks, and domain names, enhancing the overall value of the offering.
The CEO of Hilco Streambank, Gabe Fried, expressed optimism about this acquisition opportunity, stating, 'CoreSpace presents a unique advantage for potential buyers looking to enter the data center industry. With a well-run operation and an experienced team, investors can step into a venture that is nearly self-sustaining. The existing customer base provides a solid foundation for growth, especially with 70% of the power capacity available for future expansion.'
Hilco Streambank is not only presenting an operational business but inviting offers for the potential acquisition of select assets as well. Interested parties are encouraged to learn more and may contact Hilco Streambank via their provided email address.
This sale comes at a time when demand for data center services continues to rise, fueled by increasing digital transformations across industries. With the backend capabilities of CoreSpace and a solid customer foundation, this opportunity stands out in the growing tech landscape.
Non-binding indications of interest are due by June 17, 2025, highlighting the urgency and potential of this strategic acquisition.
This acquisition not only symbolizes a chance for expansion in a burgeoning market but underlines the evolving nature of technology demand and the services that support it. Investors looking to tap into the data center space would do well to consider the advantages that CoreSpace presents in this acquisition sale by Hilco Streambank.
CoreSpace offers a range of services including colocation, public and private cloud solutions, dedicated and virtual servers, and SEO, mainly targeting small and medium-sized businesses. Strong customer loyalty is evident, as many clients have been with CoreSpace for over a decade, allowing the company to generate significant revenue, reporting over $1.3 million in 2024. Notably, its top ten customers contributed more than $50,000 each in annual billing.
A key feature of this offering is the physical asset that accompanies the business. The data center occupies a 30,000 square foot facility that boasts prime freeway visibility in Dallas. This facility not only stands as the operational hub for CoreSpace but includes valuable features like 1 megawatt of conditioned power and the capability to draw up to 1.5 megawatt of utility power, all supported by a company-owned backup generator. Currently, CoreSpace utilizes less than 30% of its power infrastructure, which presents an attractive expansion potential for any future buyers.
In addition to the physical real estate, Hilco Streambank is including a substantial inventory of infrastructure, equipment, and the necessary components for critical power and HVAC systems. Furthermore, the assets for sale include over 130,000 ARIN allocated IP addresses, trademarks, and domain names, enhancing the overall value of the offering.
The CEO of Hilco Streambank, Gabe Fried, expressed optimism about this acquisition opportunity, stating, 'CoreSpace presents a unique advantage for potential buyers looking to enter the data center industry. With a well-run operation and an experienced team, investors can step into a venture that is nearly self-sustaining. The existing customer base provides a solid foundation for growth, especially with 70% of the power capacity available for future expansion.'
Hilco Streambank is not only presenting an operational business but inviting offers for the potential acquisition of select assets as well. Interested parties are encouraged to learn more and may contact Hilco Streambank via their provided email address.
This sale comes at a time when demand for data center services continues to rise, fueled by increasing digital transformations across industries. With the backend capabilities of CoreSpace and a solid customer foundation, this opportunity stands out in the growing tech landscape.
Non-binding indications of interest are due by June 17, 2025, highlighting the urgency and potential of this strategic acquisition.
This acquisition not only symbolizes a chance for expansion in a burgeoning market but underlines the evolving nature of technology demand and the services that support it. Investors looking to tap into the data center space would do well to consider the advantages that CoreSpace presents in this acquisition sale by Hilco Streambank.
Topics Business Technology）
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