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DataBank nabs $1.45 billion to expand data center portfolio

Data center developer to begin work on fourth data center at massive North Texas campus
An aerial view of construction underway on the initial DataBank data center in Red Oak, Texas, just south of Dallas. (DataBank)
An aerial view of construction underway on the initial DataBank data center in Red Oak, Texas, just south of Dallas. (DataBank)
CoStar News
June 16, 2026 | 10:32 P.M.

Data center provider DataBank has landed access to billions of dollars meant to help it expand its multibuilding data center campus in Red Oak, Texas, just south of Dallas, as it diversifies its capital partners.

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