Vantage Data Centers Expands Silicon Valley Footprint with $40MM Acquisition in Santa Clara

By Meghan Hall

Denver, Colo.-based Vantage Data Centers has been steadily increasing its presence in Silicon Valley after a year of significant growth in 2020. The company, which specializes in hyperscale data center campuses, recently closed on a $40 million deal to purchase 2590 Walsh Ave. in Santa Clara. The seller was San Francisco-based D.R. Stephens & Company.

The Mercury News was the first to report the transaction. The property last sold in 2007 for $14.3 million and includes 6.7 acres. The asset is developed with a building that totals 113,600 square feet. D.R. Stephens & Company’s website states that the building is currently occupied by MiaSole, an American solar company.

The transaction comes just a month after Vantage Data Centers announced a year of tremendous growth in 2020.  A January statement from the firm noted Vantage Data Centers doubled its size in terms of markets served–growing from six markets to 12– and increased IT capacity by more than 90 percent, or more than 100 MW, last year alone. The company increased its number of campuses from seven to 14.

“In 2020 we set an aggressive goal to expand Vantage well beyond its North American roots to become one of the fastest growing, leading data center providers globally,” said Sureel Choksi, president and CEO of Vantage Data Centers in a statement. “With access to scalable capital, the support of our investors and a growing team, we were able to achieve this goal in order to support increased demand from hyperscalers, cloud providers and large enterprise customers globally.”

Over the past 12 months the firm raised $3.6 billion through a variety of funding strategies which it is using to meet market demand and construct state-of-the-art facilities. While its plans for 2590 Walsh are unclear, Vantage Data Centers also recently began construction on another Silicon Valley data center campus.  Also located in Santa Clara, the new campus has been dubbed CA23, and will include 200,000 square feet of space and offer 32MW of power. CA23 is Vantage Data Centers’ ninth in the region, a number which will likely continue to grow as the firm continues its impressive expansion.

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