SIGNIFICANTLY EXPANDING ITS FOOTPRINT BY 42.5MW
Colocation, interconnection, and managed cloud services provider DataBank, has just announced it plans to purchase four existing data centers in the Houston, Texas metro area.
Priced at $670 million, the four Houston facilities which is owned by CyrusOne will increase DataBank’s portfolio with the collective addition of more than 300,000 square feet of raised-floor data center capacity, and 42.5MW of critical IT load, as well as a roster of customers from the healthcare, financial, energy, media, and software sectors.
“We are excited to add the Houston market to the DataBank portfolio. With our deep roots in Texas, it was a logical metro for us to expand into and allows us to bring our digital infrastructure and interconnection solutions to the 4th largest metro in the U.S. With the addition of Houston, DataBank now covers 27 metro markets, a larger geographic footprint in the U.S. than any other data center operator,” said Raul Martynek, CEO of DataBank.
The four Houston facilities to be acquired by DataBank include a data center located at 4201 Southwest Freeway, currently known as the CyrusOne Galleria data center, as well as three others known as West I, West II, and West III, which are all located on the Westway Park Blvd Campus.
At the close of this transaction which is expected to be within Q1 2022, DataBank’s total portfolio will feature about 65 facilities with grossly 2 million square feet of raised-floor data center capacity across 27 U.S. metro markets.
This transaction is being announced about 2 months after Data center REIT CyrusOne Inc., reached a definitive agreement to sell all its outstanding shares to Global Infrastructure Partners (GIP) and global investment firm KKR in an all-cash transaction valued at approximately $15 billion, including the assumption of debt. This CyrusOne-KKR transaction is however, scheduled to close in Q2 2022.