{"id":1004552574,"date":"2021-10-04T04:37:19","date_gmt":"2021-10-04T12:37:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004552574"},"modified":"2022-12-09T00:59:38","modified_gmt":"2022-12-09T08:59:38","slug":"vantage-sdc-spends-539m-on-silicon-valley-data-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/","title":{"rendered":"Vantage SDC Spends $539M on Silicon Valley Data Center"},"content":{"rendered":"
\"\"<\/a>

Vantage’s CA2 campus. Image via Google Street View<\/p><\/div>\n

DigitalBridge Group Inc. has expanded its Vantage Stabilized Data Centers platform with the acquisition of CA22, a 24-megawatt data center in Santa Clara, Calif., for $539 million. TD Securities arranged a $105 million loan on behalf of the buyer, who also funded the purchase through cash.<\/p>\n

Vantage SDC was formed in July last year, when Vantage Data Centers and an investor group led by DigitalBridge formed a partnership valued at $3.5 billion, with the purpose of accelerating Vantage\u2019s expansion in North America and Europe<\/a>. The Santa Clara facility is the platform\u2019s first hyperscale acquisition since it was created.<\/p>\n

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READ ALSO: <\/strong>Why Developing Silicon Valley Data Centers Is So Challenging<\/a><\/p>\n

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CA22 is part of Vantage\u2019s 9-acre Santa Clara II campus (CA2), which comprises three data centers. The four-story buildings span across more than 541,000 square feet of raised floor space. The campus has a planned 77 MW of critical IT load and features three on-site power substations, each providing 50 MW. Tenants benefit from power densities of up to 200 MW per square foot and N+1 redundancy across all systems.<\/p>\n

Vantage Data Centers will continue to manage and operate CA22. The company\u2019s campus is situated at 737 Mathew St., about 2 miles from its Santa Clara I property\u2014which also provides 77 megawatts of IT load. Several technology and digital infrastructure companies operate nearby, including nVidia Corp., Qualcomm, Palo Alto Networks and others.<\/p>\n

Growing in key markets<\/h2>\n

With this latest acquisition, Vantage SDC owns 13 stabilized hyperscale data centers in North American markets, totaling 177 megawatts. Earlier this year, Vantage spent $40 million on a 113,600-square-foot property<\/a> in Santa Clara, adjacent to its CA1 campus.<\/p>\n

Last month, the company announced its entrance into the Asia-Pacific market through two acquisitions\u2014Agile Data Centers and the data center portfolio of PCCW Ltd. The transactions were funded by DigitalBridge Investment Management, which contributed $1.5 billion in equity capital.<\/p>\n

Vantage Data Centers was acquired in 2017 by a consortium which includes Digital Bridge Holdings, Public Sector Pension Investment Board and TIAA Investments, an affiliate of Nuveen.<\/p>\n

In Silicon Valley, low power costs and limited availability of developable land combine to create a competitive market, Jon Falker of Prime Data Centers noted in a recent interview with Commercial Property Executive<\/em>. Prime Data Centers inked a full-building prelease in Santa Clara<\/a> earlier this year. Among other major moves this year, NTT entered the market with the completion of a 16-megawatt facility, while Digital Realty announced a 48-megawatt expansion at its Santa Clara campus.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal marks the platform’s first hyperscale data center purchase since its formation in July 2020. <\/p>\n","protected":false},"author":1284,"featured_media":1004552576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21783,21742,1609,15],"tags":[40514,47774,38050],"class_list":["post-1004552574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-investment","category-latest","category-san-francisco","category-west","tag-digital-bridge","tag-td-securities","tag-vantage-data-centers"],"acf":[],"yoast_head":"\nVantage SDC Spends $539M on Silicon Valley Data Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vantage SDC Spends $539M on Silicon Valley Data Center\" \/>\n<meta property=\"og:description\" content=\"The deal marks the platform's first hyperscale data center purchase since its formation in July 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-04T12:37:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:59:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/vantage-CA2-campus-e1633347114913.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"817\" \/>\n\t<meta property=\"og:image:height\" content=\"613\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/\",\"name\":\"Vantage SDC Spends $539M on Silicon Valley Data Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/vantage-CA2-campus-e1633347114913.jpg\",\"datePublished\":\"2021-10-04T12:37:19+00:00\",\"dateModified\":\"2022-12-09T08:59:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/vantage-sdc-spends-539m-on-silicon-valley-data-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/vantage-CA2-campus-e1633347114913.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/vantage-CA2-campus-e1633347114913.jpg\",\"width\":817,\"height\":613,\"caption\":\"Vantage's CA2 campus. 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