Busy Year for Santa Clara Data Center Deals
December 14th, 2007 By: Rich Miller
It’s been an incredibly busy year for data center real estate in Santa Clara, Calif. Two deals this week cap a series of transactions in which data center builders have bought land or buildings to capitalize on strong demand for mission-critical space in Silicon Valley. Here’s a rundown on the data center transactions in Santa Clara in 2007:
- Dec. 14: Quality Technology Services purchased a 120,000 square foot data center it had been leasing since it bought Globix in 2006.
- Dec. 13: DuPont Fabros Technology (DFT) paid $22 million to buy 17.2 acres of land in Santa Clara, where it will build two 300,000 square foot data centers.
- Sept. 12: Digital Realty Trust, Inc. (DLR) buys a 50 percent ownership interest in a joint venture partnership with Pelio & Associates for 1500 Space Park Drive, where the companies plan to build 343,000 square feet of data center space.
- Sept. 11: Terremark (TMRK) pays $12.2 million to buy two properties adjacent to its existing data center on Colvin Drive in Santa Clara. Terremark will build a 50,000 square foot data center at the site, with additional expansion possible.
- July 2: Microsoft (MSFT) paid $200 million to Savvis (SVVS) to purchase leases in two Santa Clara facilities owned by Digital Realty Trust (DLR).
- June 14: Equinix (EQIX) says it will invest $41 million to expand its existing data center in Santa Clara, Calif. by approximately 1,100 new cabinets. Equinix said it hopes to open the expansion space in the second quarter of 2008.
- May 9: Behringer Harvard pays $70 million to acquire the Santa Clara Tech Center, a three-building complex with two office buildings and a facility that will be converted into a data center.