Real estate: Santa Clara data center property is bought, expansion eyed

Real estate: Santa Clara data center property is bought, expansion eyed

SANTA CLARA — A big data center developer and operator has grabbed a large site in Santa Clara that could accommodate an even bigger tech complex.

Properties suitable for data centers or life science buildings have become more popular in Silicon Valley amid uncertainties over the pace of office openings in the wake of the coronavirus.

Cologix, acting through an affiliate, has purchased a site where a data center already exists.

The data center developer paid $58.1 million for a five-acre property at 2040 Martin Ave. and 2050 Martin Ave. in Santa Clara.

“Silicon Valley continues to have one of the fastest-growing data center markets in the world with strong fiber connectivity” to the Internet, said Bill Fathers, chief executive officer of Cologix.

Denver-based Cologix provides data center services and digital onramps to cloud platforms and network services provided by tech titans such as Google, Amazon, Microsoft, IBM, Oracle, and DirectLink.

Cologix intends to expand the existing data center on the site.

The company also said it was attracted by the lower power rates available through the local city-owned utility, compared with prices charged by PG&E.

“This acquisition fits into Cologix’s growth strategy by expanding our national footprint into the heart of Silicon Valley,” Fathers said.

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