Tishman Speyer Acquires 23.6 Acres From CyrusOne In Santa Clara For $65.4M

The transaction involved the sale of 23.6 acres of land located at 2600 De La Cruz Boulevard & 2750 De La Cruz Boulevard in Santa Clara, CA. The property was sold for $65,400,000 and includes a site that was previously approved for a 703,000-square-foot data center. This acquisition allows the new owner to take advantage of the increasing demand for data centers in the South Bay region, where developments in high-powered computing are on the rise.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $65,400,000
• Buyer: Rob Speyer - Tishman Speyer
• Seller: John Hatem - CyrusOne
• Acres: 23.6
• Market: Santa Clara, CA

Rob Speyer represents Tishman Speyer in this transaction, while John Hatem represents CyrusOne. The deal positions Tishman Speyer to leverage future opportunities in the data center market, as the area continues to experience growth in technology infrastructure.