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The closing of the deal is subject to customary conditions and regulatory approvals. The transaction is anticipated to close in late Q1 2022.
Founder and Editor, The Tech Capital
January 19, 2022 | 9:48 PM GMT
DataBank, a DigitalBridge Group, Inc. (NYSE: DBRG) company, has agreed to purchase four existing data centres in the Houston, Texas metro area from CyrusOne (NASDAQ: CONE) for US$670 million.
The transaction will make Houston the 27th major U.S. metro market in DataBank’s portfolio, adding to what is already one of the largest edge infrastructure footprint in the United States.
The four Houston facilities will collectively add more than 300,000 square feet of raised-floor data centre capacity, and 42.5 MW of critical IT load, as well as a roster of blue-chip customers from the area’s fast-growing healthcare, financial, energy, media, and software sectors.
DataBank’s total portfolio will now feature more than 65 facilities and 2.0M square feet of raised-floor data centre capacity.
The four Houston facilities include the data centre located 4201 Southwest Freeway, currently known as the CyrusOne Galleria data centre, as well as three others known as West I, West II, and West III, which are all located on the Westway Park Blvd Campus 20 minutes west of Downtown Houston.
The Houston West Campus is also the metro’s primary interconnection point with over 30 fibre networks, 3,500 cross-connects and public cloud on-ramps from AWS and Google.
Raul Martynek, DataBank’s CEO, said: “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 centre operator.”
TD Securities and CIT, a division of First Citizens Bank, provided DataBank with the underwritten debt financing for the transaction. Jones Day served as legal advisor to DataBank in connection with the transaction.
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