DataBank Holdings and Goodman Group

DataBank Holdings and Goodman Group have formed a joint venture for LAX2, a 140,000-square-foot data center at 3094 East Vernon Avenue in Vernon, California. Construction is underway with a December opening targeted, starting at 6MW and scaling to 32MW through September 2027. Goodman acquired the site in 2023 and developed the project; DataBank will operate and market it. The partnership extends DataBank's national pipeline exceeding 850MW and follows a $2 billion equity raise in 2024. Both parties intend to expand the JV to additional capacity-constrained U.S. markets. GCs, MEP subs, and power infrastructure vendors should track phased buildout opportunities.