"SANTA CLARA - A Texas company has paid well over $90 million to buy a pair of data centers in Santa Clara in a sign that investors still hunger for these sites amid the artificial intelligence boom. The data centers are located at 4650 and 4700 Old Ironsides drives in Santa Clara, a short distance from Levi's Stadium. Centersquare, a Texas-based data center-oriented real estate firm,"
"acted through affiliates to pay $97 million in cash for the adjacent data centers, documents filed on Nov. 14 with the Santa Clara County Recorder's Office show. In October, Centersquare announced it had agreed to buy 10 data centers in the United States and North America as part of a $1 billion expansion. The blog post didn't indicate whether the Santa Clara sites were part of that transaction."
Centersquare paid $97 million in cash through affiliates to acquire two adjacent data centers at 4650 and 4700 Old Ironsides Drive in Santa Clara, near Levi's Stadium. Affiliates paid $55 million for 4650 Old Ironsides Drive and $42 million for 4700 Old Ironsides Drive, according to county records filed Nov. 14. In October, Centersquare announced an agreement to buy 10 data centers across the United States and North America as part of a $1 billion expansion, though a blog post did not specify whether the Santa Clara sites were included. Tech companies are increasingly seeking data centers to support growing artificial intelligence workloads. PG&E identifies San Jose and the South Bay as areas to expand electricity capacity for energy-hungry tech and data center industries.
Read at The Mercury News
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