US colocation business DataBank has opened its 86,000 sq. ft. carrier-neutral MSP3 data centre located in Brooklyn Park, Minnesota.

The initial deployment provides 1.5MW of critical load power capacity which can be scaled to 3MW in the first data hall, with a total of 9MW of critical IT load across its three data halls in the future.

MSP3 represents the first phase of development on the 14 acres of land that DataBank purchased in Brooklyn Park in 2020.

The master plan for this DataBank campus provides up to another 170,000 sq. ft. of data centre space and up to an additional 18MW of power in subsequent development phases, providing ample expansion capacity in this key market.

Raul Martynek, DataBank’s CEO, said: “DataBank continues to see Minneapolis as a fantastic destination for enterprise and technology workloads.

“The additional capacity that MSP3 provides makes it an ideal location for hyperscale cloud and webscale application and content providers seeking to build a strong edge presence in the market.”

Philbert Shih, Managing Director, Structure Research, added: “The need for more localized data centre infrastructure continues to intensify and edge locations like Minneapolis are seeing increased levels of demand.

“DataBank is building in strategic increments that can accommodate a wider range of scenarios, while also offering the ability to interconnect with partners and cloud infrastructure platforms.”

The region’s large concentration of Fortune 500 companies, along with rich tech, healthcare, and research communities drives the demand for colocation, interconnection, and cloud services.

DataBank has recently announced the issuing of US$330 million of secured notes in its second securitisation offering this year, bringing the total raised this year alone to $988 million.

The new securitisation notes add $330 million in additional capital and liquidity to DataBank’s balance sheet and will be available for investment in new data centre capacity including facilities and campuses in Salt Lake City, Denver, Ashburn and New York.