Out-of-state company acquires $11M agreement for Lufkin AI data center development

LUFKIN, Texas (KETK) — 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.

KETK News spoke with 1606 Corp CEO Austen Lambrecht and he said the opportunity to bring a new business to the city is exciting.

“It’s exciting to bring new business to the community,” Lambrecht said.

According to Lambrecht, the company is talking with people on the ground in Lufkin to determine how they can best use the site once they gain control of the property.

“We’re talking with different people in Lufkin on what the best usage would be but we don’t have site control yet, so we haven’t gone through that yet,” Lambrecht explained.

Lambrecht said they’re waiting for final funding to come through in order to complete the transaction for the property on April 15.