$11M agreement for data center
Posted/updated on: March 21, 2026 at 10:43 pm
LUFKIN — An AI-technology company based out of Nevada entered a purchase and sale agreement with Jefferson Enterprise Energy, LLC for a 132-acre property in Lufkin, according to a filing from the U.S. Securities and Exchange Commission (SEC). The purchase of the property cost the AI-company, 1606 Corp., a total of $11,168,864, consisting of $7 million in cash that must be paid at closing on April 15. Included in the purchase are associated development rights, improvements and equipment.
A press release filed with the SEC said the property has a 50,000-square-foot warehouse, which is capable of supporting large-scale data center infrastructure.
1606 Corp. believes the purchase of the site is “attractive” for potential partnerships with data center operators looking to develop new data centers in the area.
