{"id":5702,"date":"2026-07-28T16:38:45","date_gmt":"2026-07-28T16:38:45","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=5702"},"modified":"2026-07-28T16:38:45","modified_gmt":"2026-07-28T16:38:45","slug":"santa-clara-data-center-site-and-rental-car-property-bought-for-65-million","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=5702","title":{"rendered":"Santa Clara data center site and rental car property bought for $65 million"},"content":{"rendered":"
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SANTA CLARA \u2014 A real estate firm paid a combined $65.4 million for two adjacent Santa Clara properties on the west side of San Jose Mineta International Airport \u2013 one where a data center is planned and the other occupied by a car rental operation.<\/p>\n

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A Tishman Speyer-linked affiliate acquired roughly 23.6 acres in the deals completed within days of each other in late July, grant deeds on file with county officials show.<\/p>\n

Bought for $42.4 million, one property consists of 15.2 acres of empty land at 2600 De La Cruz Blvd. The adjacent site at 2750 De La Cruz Blvd. was purchased for $23 million and totals 8.4 acres.<\/p>\n

In 2021, Santa Clara city planners approved a data center complex for the 2600 De La Cruz site. It was expected to total 703,000 square feet and have a backup generator with a capacity of 96.5 megawatts, city planning files show.<\/p>\n

Dallas-based Cyrus One, a data center developer and operator, sold the two parcels to the Tishman Speyer affiliate.<\/p>\n

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Cyrus One had previously envisioned a data center complex on the two parcels that would be capable of delivering more than 100 megawatts of electrical capacity, enough energy to serve up to 100,000 residences.<\/p>\n

It wasn\u2019t immediately clear whether a revised or expanded data center proposal would be submitted for the site or if the new owner has a vision for the properties that differs from what\u2019s already been approved.<\/p>\n

A growing number of data center projects are coming into view in the South Bay, an upswing in proposals that is particularly pronounced in San Jose.<\/p>\n

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