DataBank, a provider of enterprise-grade colocation, interconnection, and managed cloud services, has agreed to pay CyrusOne $670 million for four data centers in the Houston metro area. As a result of the arrangement, Houston will become DataBank’s 27th major U.S. metro region.
More than 300,000 square feet of raised-floor data center capacity and 42.5 MW of critical IT load will be provided by the four Houston data centers, as well as a long list of blue-chip clients from the fast-growing healthcare, banking, energy, media, and software industries.
DataBank is purchasing four Houston-area data centers for $670 million. https://t.co/AVo5eO5tVS
— Commercial Property Executive (@CPExecutive) January 20, 2022
DataBank presently has approximately 65 data centers in its portfolio, with a total capacity of 2.0 million square feet of raised-floor colocation space. Twenty interconnection hubs across 30+ markets, as well as on-ramps to a cloud ecosystem, are part of the company’s colocation and edge infrastructure footprint. The purchase is subject to customary conditions and regulatory clearances. The agreement will likely be finalized in the late 2022’s first quarter.
Raul Martynek, who serves the role of Chief Executive Officer (CEO) at DataBank, had the following to say:
“We are excited to add the Houston market to the DataBank data center 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, and DataBank now covers 27 metro markets, a larger geographic data center footprint in the U.S. than any other data center operator.”
TD Securities and CIT, a subsidiary of First Citizens Bank, provided the transaction’s underwritten debt financing. Jones Day acted as DataBank’s legal counsel in connection with the purchase.
