Overton Moore Properties paid $9.5 million for a data center in San Jose, signifying persistent investor interest driven by the growth in cloud services and AI.
The building, spanning 130,800 square feet, was sold by Digital Realty, underlining the ongoing economic importance of data centers in the tech landscape.
Plans are in motion for a large housing project in downtown San Jose, integrating eco-friendly towers powered by surplus heat from data centers, set to begin in 2025.
The collaboration between Westbank, PG&E, and city officials highlights a commitment to sustainable development in conjunction with the growing tech property market.
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