Real estate investor Menlo Equities has purchased a data center in Irvine, California as part of a larger deal to acquire the Irvine Crossings project, reports Globe Street. The 420,000 square foot property includes a warehouse and a data center that is 100 percent leased by a managed hosting provider.
Menlo Equities specializes in technology real estate in California. Its data center properties include 529 Bryant in Palo Alto, also known as the Palo Alto Internet Exchange. Menlo Equities has developed and built over 3 million square feet of high-profile office, R&D, and engineering commercial real estate.
The Irvine Crossings site is one of eight data centers in Irvine, a suburb of Los Angeles, according to Data Center Map.