Investment firm Invesco has acquired an Equinix-operated data center in San Jose, California.
Citing Santa Clara County documents, Mercury News reports the Sobrato Organization recently sold 1735 Lundy Avenue in San Jose to Invesco Real Estate for $86.3 million.
Sat on a 6.7-acre site, the single-story property spans 103,000 sq ft (9,570 sqm). It is leased to Equinix, which operates the site as its SV3 data center. The facility offers 54,488 sq ft (5,050 sqm) of raised floor space and around 4.6MW of power.
BizJournal notes Equinix acquired the data center from AboveNet Communications Inc. in 2004 for $900,000. It also assumed AboveNet's lease on the property, which started in 2000 and, at the time, ran through 2020, with options to extend it, according to documents on file with the Clerk-Recorder's office.
The MN said Sobrato, a Silicon Valley real estate development, and investment firm founded in the late 1970s, bought the property in 2010 for an undisclosed price. However, BJ reports Sobrato had owned the site since the 1980s.
Investment firm Invesco has previously acquired Flexential data centers in Plano, Texas, and Hillsboro, Oregon in sale-leaseback deals alongside Legacy Investing.
