SANTA CLARA \u2014 A real estate firm paid a combined $65.4 million for two adjacent Santa Clara properties on the west side of San Jose Mineta International Airport \u2013 one where a data center is planned and the other occupied by a car rental operation.<\/p>\n
A Tishman Speyer-linked affiliate acquired roughly 23.6 acres in the deals completed within days of each other in late July, grant deeds on file with county officials show.<\/p>\n
Bought for $42.4 million, one property consists of 15.2 acres of empty land at 2600 De La Cruz Blvd. The adjacent site at 2750 De La Cruz Blvd. was purchased for $23 million and totals 8.4 acres.<\/p>\n
In 2021, Santa Clara city planners approved a data center complex<\/a> for the 2600 De La Cruz site. It was expected to total 703,000 square feet and have a backup generator with a capacity of 96.5 megawatts, city planning files show.<\/p>\n Dallas-based Cyrus One, a data center developer and operator, sold the two parcels to the Tishman Speyer affiliate.<\/p>\n Cyrus One had previously envisioned a data center complex on the two parcels that would be capable of delivering more than 100 megawatts of electrical capacity, enough energy to serve up to 100,000 residences.<\/p>\n It wasn\u2019t immediately clear whether a revised or expanded data center proposal<\/a> would be submitted for the site or if the new owner has a vision for the properties that differs from what\u2019s already been approved.<\/p>\n A growing number of data center projects<\/a> are coming into view in the South Bay, an upswing in proposals<\/a> that is particularly pronounced in San Jose.<\/p>\n","protected":false},"excerpt":{"rendered":"SANTA CLARA \u2014 A real estate firm paid a combined $65.4 million for two adjacent Santa Clara properties…\n","protected":false},"author":2,"featured_media":415600,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[2080,184,387,7,8,3010,1279,383,1533,100,388,88,90,89,197,198,94685,200,1970],"class_list":["post-415599","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-artificial-intelligence","tag-bay-area","tag-business","tag-california","tag-california-news","tag-commercial-real-estate","tag-data","tag-economy","tag-keywee","tag-news","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-santa-clara","tag-santa-clara-county","tag-social-alert","tag-south-bay","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/415599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=415599"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/415599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/415600"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=415599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=415599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=415599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}