Sean Holzknecht And Peter Harrison Of Colovore Acquire Mixed-use Data Center In Santa Clara For $37.2M

A mixed-use data center located at 3060 Raymond Street in Santa Clara has been sold for $37,200,000. The asset spans 29,100 square feet, translating to a price per square foot of $1,278. This sale reflects the strong market for data center investments, particularly in the context of increasing demand driven by advancements in AI technology.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $37,200,000
• Buyer: Sean Holzknecht & Peter Harrison - Colovore
• Seller: James Ellis & Melinda Ellis Evers - Ellis Partners
• Square Footage: 29,100
• Price per Square Foot: $1,278

Colovore, represented by Sean Holzknecht and Peter Harrison, acquired the property from James Ellis and Melinda Ellis Evers, who are associated with Ellis Partners. This transaction marks a significant return on investment for the sellers, with a 48.8% gain over their total investment.