Brookfield Infrastructure Partners Acquires Office Assets In Santa Clara From Menlo Equities For $97M

The property asset involved in the transaction includes two office buildings located at 4650 and 4700 Old Ironsides Drive in Santa Clara. The sale was finalized at a transaction amount of $97 million. These properties were previously occupied by former Cyxtera data centers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $97,000,000
• Buyer: Sam Pollock - Brookfield Infrastructure Partners
• Seller: Rick Holmstrom - Menlo Equities
• Market: Santa Clara

This transaction marks a significant acquisition for Brookfield Infrastructure Partners, who had previously acquired Cyxtera's assets in 2024 for $775 million. The deal involved the underlying land of the former data centers, which aligns with Brookfield’s strategy following their merger with Evoque to form the new data center company Centersquare.