Invesco Advisers Inc Acquires San Jose Data Center Property From The Sobrato Organization For $86.25M

The Sobrato Organization has sold a San Jose data center property located at 1735 Lundy Avenue for $86.25 million. The property consists of a 103,000 square-foot facility, which was previously used by Equinix. The transaction took place in the San Jose market and the property spans across 6.75 acres.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $86,250,000
• Address: 1735 Lundy Avenue
• Market: San Jose
• Square Footage: 103,000
• Price Per Square Foot: $837

Invesco Advisers Inc, represented by Marty Flanagan, acquired the data center property from The Sobrato Organization. The sale price equated to approximately $834 per square foot.