$90.52M sale of Bayshore Data Center in Silicon Valley closed by HFF

LOS ANGELES, CA – The Los Angeles and San Francisco offices of HFF (Holliday Fenoglio Fowler, L.P.)  have closed the sale of Bayshore Data Center, a two-building, fully-leased, 185,000-square-foot data center facility in Santa Clara, California.

Bryan Ley and John Crump of HFF’s Los Angeles office and Gerry Rohm (top right photo)  and Zane Sweet of HFF’s San Francisco office marketed the property exclusively on behalf of the seller, Inland Western REIT. Digital Realty Trust, Inc. purchased Bayshore Data Center for $90.52 million.

“This best-in-class data center attracted tremendous interest with its in-place assumable debt, growing demand for the product type, and terrific location in Santa Clara,” said Rohm.

“We are very excited to add this property to our portfolio of income producing assets. The HFF representatives were extremely professional and knowledgeable regarding data centers,” commented Scott Peterson, senior vice president of acquisitions for Digital Realty Trust, Inc.

Bayshore Data Center consists of a 160,000-square-foot building at 1350 Duane Avenue and a 25,000-square-foot building at 3080 Raymond Street. The properties are fully leased to tenants including Sprint Communications, Equinix and Layer42.Net. Situated on 5.6 acres, Bayshore Data Center is adjacent to Silicon Valley Power and U.S. Highway 101 in the Santa Clara data center cluster in Silicon Valley.

“Demand for data centers such as Bayshore continues to outpace supply by a margin of two to one. There is limited new supply in the data center cluster coming online in the next three years due to a lack of construction financing, which will continue to drive up rents for data center services,” said Ley.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

Contacts:

Bryan Ley,HFF Director, 310) 407-2100, CA Lic. #01458927, bley@hfflp.com
Gerry Rohm,, ( (415) 276-6935, HFF Senior Managing Director, CA Lic. #01367742, grohm@hfflp.com
Kristen Murphy, HFF Associate Director Marketing, (713) 852-3500, krmurphy@hfflp.com