DataBank has acquired a data center in Minneapolis, Minnesota, it was leasing from Mapletree Industrial Trust (MIT).

Mapletree this week announced it has entered into an agreement of sale and purchase to sell 3255 Neil Armstrong Boulevard in Eagan to DataBank Properties, LLC.

The proposed sale price is $9.81 million, to be paid in cash. The deal is set to close in Q4 2026.

DataBank has occupied the site since 2014/2015, and gave MIT notice of its intention to exercise the option to purchase in accordance with the lease agreement. DataBank’s lease was set to expire in September 2029.

Built in 1998, the single-story facility totals 87,400 sq ft (8,120 sqm). DataBank launched the site as its MSP2 facility in 2015, offering 5MW of capacity. The site hosts 21 carriers. It is one of four data centers the company operates around Minneapolis.

Before it was converted into a data center, the site was previously occupied by Taystee Foods.

Mapletree has owned the facility since July 2021, acquiring it alongside 29 other facilities across the US from Sila Realty Trust (previously Carter Validus). The facility was bought for $9 million.

Sila originally acquired the 88,000 sq ft (8,175 sqm) data center for $5.8 million in 2015. Sila later sold all its data centers as part of a move to become a pure-play healthcare real estate investment trust.