SANTA CLARA — A Texas company has paid well over $90 million to buy a pair of data centers in Santa Clara in a sign that investors still hunger for these sites amid the artificial intelligence boom.
The data centers are located at 4650 and 4700 Old Ironsides drives in Santa Clara, a short distance from Levi’s Stadium.
Centersquare, a Texas-based data center-oriented real estate firm, acted through affiliates to pay $97 million in cash for the adjacent data centers, documents filed on Nov. 14 with the Santa Clara County Recorder’s Office show.
In October, Centersquare announced it had agreed to buy 10 data centers in the United States and North America as part of a $1 billion expansion.
The blog post didn’t indicate whether the Santa Clara sites were part of that transaction.
Affiliates controlled by Centersquare paid $55 million for the 4650 Old Ironsides Drive data center and $42 million for the 4700 Old Ironsides Drive site, the county documents show.
Tech companies have become increasingly interested in data centers as sites that can help them process steadily rising chunks of data and electronic information as their push into artificial intelligence widens.
Oakland-based PG&E sees San Jose in particular and the South Bay in general as particularly fertile territory to increase its capacity to offer more electricity to the energy-hungry tech and data center industries.