DataBank Acquires Minneapolis Data Center from Mapletree

VERA Brief

AI-generated. Grounded in the article and its cited sources.

DataBank has acquired a data center facility in Minneapolis, Minnesota, from Mapletree Industrial Trust. The company exercised an option to purchase the property after leasing it for a decade, signifying strategic expansion.

Key facts

• DataBank acquired a data center facility in Minneapolis, Minnesota.
• The acquisition was made from Mapletree Industrial Trust.
• DataBank had been leasing the facility for a decade before exercising its purchase option.
• The acquisition represents DataBank's strategic expansion and commitment to its Minneapolis presence.