DataBank Converts Leased US Site Into Owned Asset With Purchase of MSP2 Facility

DataBank, a Dallas-based data center operator, has purchased the Eagan, Minnesota building that hosts its MSP2 facility, ending its lease arrangement in the Minneapolis market.

The property at 3255 Neil Armstrong Blvd in Eagan, MN, was previously leased, and the transaction converts it into an owned asset within the company's greater Minneapolis–St. Paul footprint.

The acquisition was announced on Oct. 1, 2026. DataBank framed the purchase as an advancement of its strategy of owning and controlling the real estate beneath its facilities.

Why the Company Wants to Own Its Buildings

In its announcement, DataBank said the deal reflects a deliberate commitment to moving leased sites into owned assets. Ownership, according to the company, allows for greater operational control and long-term investment in infrastructure while providing assurance to the enterprise and institutional clients that depend on MSP2's services.

Raul K. Martynek, DataBank's CEO, addressed the rationale directly. "This acquisition marks another milestone in our broader strategy to own and control the real estate supporting our data center footprint," he said.

"Ownership allows us to control our destiny, ensuring we can continue to invest in and evolve our facilities in step with our customers' growing infrastructure needs."

MSP2 as a Carrier Hotel Anchor

DataBank characterized MSP2 as a critical node of digital infrastructure, describing it as the second major carrier hotel in the Minneapolis market. Holding title to the building, the company said, reinforces its capacity to deliver the stability, scalability, and interconnectivity that mission-critical workloads require.

Minneapolis Demand and the Broader Footprint

The Minneapolis market remains an important hub, DataBank noted, citing demand from enterprise IT, scientific research, healthcare, and financial services.

The company operates four data centers in the market, positioned to provide geographic diversity. Among them is its Brooklyn Park campus, which includes land set aside for a fifth data center.

The Company Behind the Deal

DataBank offers enterprise-class colocation, interconnection, and managed services aimed at keeping data and applications "always on, always secure, always compliant" and positioned to scale for the artificial intelligence era. According to the announcement, it pairs its platforms with contract portability, managed security, compliance enablement, hands-on support, and a 100% uptime availability guarantee.

The company's footprint spans more than 70 "HPC-ready" data centers across 25-plus markets, along with 20 interconnection hubs and on-ramps to a cloud provider ecosystem. It was recognized by Deloitte in 2023 and 2024 and appeared on the Inc. 5000 in 2024 as one of the fastest-growing private US companies.