# CyrusOne Opens Durham Site as $900 Million Lee County Campus Advances

> CyrusOne plans a $900 million first phase in Lee County, North Carolina, with a 300,000-square-foot building and a 90-megawatt load.

- Published: 2026-10-31T11:37:50+00:00
- Section: Expansion
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-31/cyrusone-lee-county-data-center-campus
- Source: [Yahoo](https://www.yahoo.com/news/us/articles/cyrusone-offers-look-inside-durham-110400551.html)

## Key takeaways

- CyrusOne estimates the first phase of its Lee County campus will exceed $900 million in investment.
- The initial building is planned at about 300,000 square feet with a 90-megawatt information technology load.
- CyrusOne projects roughly $1 million in annual real property taxes from the first building, based on a $153 million estimated taxable value.

CyrusOne estimates the first phase of its planned Lee County, [North](https://akta.pro/company-profiles/000dc3q/north-carolina-s-electric-cooperatives) Carolina, campus will represent an investment exceeding $900 million, with construction scheduled to begin this fall and operations expected in early 2028. The Dallas-based data center operator opened its Durham 2 facility to reporters this week, [Yahoo](https://www.yahoo.com/news/us/articles/cyrusone-offers-look-inside-durham-110400551.html) reported.

## Inside the Lee County Campus Plan

PointOne Data Centers is developing the first building for [CyrusOne](https://akta.pro/company-profiles/0002gub/cyrusone) on approximately 430 acres along Lower Moncure Road, and CyrusOne will serve as the long-term operator. The initial building is expected to contain approximately 300,000 square feet and have a 90-megawatt information technology load. The overall site plan identifies the potential for nine buildings totaling approximately 5.1 million square feet, with future development depending on infrastructure availability and demand.

Katy Hancock, CyrusOne's vice president of community affairs, said the company uses air-based, closed-loop cooling as its standard approach. "We seek to be a good neighbor," Hancock said. CyrusOne estimates each building at the proposed campus will use approximately 1,250 gallons of water daily, primarily for restrooms, basic operations and limited humidification.

The company is working with [Central Electric Membership](https://akta.pro/company-profiles/002dix4/central-electric-membership) Corp. and North Carolina Electric Membership Corp. to provide electricity for the first phase, and the utilities have confirmed that power will be available for the initial building. "We wouldn't set out to build a project if the power wasn't there," Hancock said. CyrusOne estimates the first phase could generate approximately $1 million annually in real property taxes, based on a preliminary calculation assuming a real property value of approximately $500 per square foot and a taxable value of $153 million for the first building.

## CyrusOne's Recorded Expansion and Funding

According to akta.pro [company records](https://akta.pro/company-data), CyrusOne operates more than 60 data centers across nine countries and has 50 data centers in development globally. The records list 13 funding rounds, including a $7.9 billion debt-funded round in July 2024 and a $1.2 billion debt-funded round in May 2024, with total funding of $21.6 billion.

## Earlier CyrusOne Expansion Moves

In June 2026, CyrusOne broke ground on a 380MW hyperscale data center campus in Freestone County, Texas, supported by a combined 760MW power agreement with Constellation, according to akta.pro company records. In August 2026, Datacenterdynamics reported that CyrusOne filed construction permits with the Texas Department of Licensing and Regulation to develop three buildings for a $1.5 billion data center campus in Fairfield, Texas, adjacent to Calpine's Freestone Energy Campus natural gas power plant. In September 2026, Yahoo reported that CyrusOne held a public town hall in Sulphur Springs, Texas, to address community concerns about a proposed data center.

## What Comes Next for Lee County

Construction on the first Lee County building is scheduled to begin this fall, with operations expected in early 2028. CyrusOne said Lee County will determine the property's actual taxable value through its assessment process.

## Companies in this story

- [CyrusOne company profile](https://akta.pro/company-profiles/0002gub/cyrusone) · website: http://www.cyrusone.com
- [Central Electric Membership company profile](https://akta.pro/company-profiles/002dix4/central-electric-membership) · website: https://cemcpower.com
- [North Carolina’s Electric Cooperatives company profile](https://akta.pro/company-profiles/000dc3q/north-carolina-s-electric-cooperatives) · website: https://www.ncelectriccooperatives.com

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