Jarvis Media Group (JMG), a global design and marketing agency, is moving forward with an ambitious plan to convert an unused office building in Conroe, Texas, into a state-of-the-art data center. The project, located at 100 Plantation Drive in Montgomery County, near Houston, is designed to serve as an enterprise data center for JMG’s internal operations and clients.
Seeking Investor Funding for the Data Center
JMG is actively seeking investors to contribute to the project’s financial needs. The company will cover 40% of the estimated costs, while the remaining 60%—around $13.5 million—will be raised through financing or syndication. The total cost for the project is estimated at $22.14 million, which includes a $16.5 million purchase price for the office building, along with additional costs for interior works ($727,400), infrastructure ($1.27 million), and the buildout ($3.64 million).
Why the Conversion Makes Sense for JMG
The decision to convert the office building into a data center stems from the company’s desire to eliminate colocation costs. By relocating its existing equipment from leased facilities into the newly developed data center, JMG expects to achieve significant long-term savings. The space within the data center will be allocated to clients who have already signed letters of intent, ensuring a steady revenue stream upon completion.
The Building and Its Future Potential
The property in question is a four-story office building with a total of 68,000 square feet (6,317 square meters) of floor space. Additionally, the surrounding 12.84-acre plot of land offers the potential for future expansion, including the development of another office building to accommodate future growth requirements.
JMG’s Background and Vision
Founded by John Jarvis, JMG is a well-established global design and marketing agency, known for its MyBusinessWP unit, which provides web hosting services. This new data center marks an exciting shift for the company, allowing it to bring its hosting and technology services under one roof while also capitalizing on future opportunities in the growing data center market.
JMG’s Clients and Service Offering
The data center will cater not only to JMG’s internal needs but also to its existing clients, who have already expressed interest in securing space. The services to be offered from the new facility will likely include cloud hosting, data storage, and backup services, although further details are awaited.
Conroe’s Strategic Location for Data Centers
Conroe, a rapidly growing suburb of Houston, offers an ideal location for a data center, with its accessibility to major infrastructure and the region’s growing demand for digital services. The facility’s proximity to Houston ensures a reliable power grid and connectivity options, making it an attractive hub for businesses looking to enhance their digital infrastructure.
FAQ Section
1. What is the total cost of the JMG data center project?
The total estimated cost for converting the office building into a data center is approximately $22.14 million. JMG is seeking $13.5 million from investors to cover 60% of the cost.
2. Why is JMG converting an office building into a data center?
JMG is converting the building to save on colocation costs by moving its equipment to the new facility. This will allow the company to manage its infrastructure internally and offer data center services to its clients.
3. What services will the new data center provide?
While specific details are yet to be confirmed, the new data center is expected to offer services such as cloud hosting, data storage, backup solutions, and more for JMG’s clients and internal use.
4. How much space does the office building have?
The office building spans 68,000 square feet across four stories. Additionally, the property sits on a 12.84-acre plot, providing room for potential expansion in the future.
5. What is the location of the JMG data center project?
The data center will be located at 100 Plantation Drive in Conroe, Texas, a suburb of Houston. This location offers strategic advantages in terms of infrastructure and connectivity for data center operations.
