Assemblage of 11.4 acres and leased buildings in Santa Clara, CA, totaling 206,000 square feet of existing R&D space. Parcels are in a critical data center location adjacent to SVP substation and hyperscale data centers. Existing buildings are short term leased to R&D tenants, maintaining in-place yield while re-entitling.
Investment Details
- Investment Date: February & March 2021
- Status: Active
- GI Role: Investor, Operator, and Sponsor for re-entitlement
Investment Thesis
- Income while re-entitling; upside from repositioning
- Value creation requires entitlement, not development or leasing
Location
Santa Clara, CA (Silicon Valley)