1606 Corp. to Buy Lufkin TX Data-Center Site for $11.2M

1606 Corp. has executed a Purchase and Sale Agreement to acquire a 132-acre property in Lufkin, Texas for approximately $11.2 million. The site includes an existing power generation facility and infrastructure suitable for large-scale data center development.

The purchase price consists of $7 million in cash at closing and the company’s assumption of an existing mechanic’s and materialman’s lien of approximately $4.2 million. The property also includes a 50,000-square-foot warehouse designed to support rapid deployment of data center infrastructure. Closing is expected April 15, 2026, subject to customary conditions and due diligence.