HAYWARD, CA—Through its DataCore real estate fund, Menlo Park, Calif.-based GI Partners has purchased a data-center property here for an undisclosed price.
DataCore acquired a three-building, 299,387-sq.-ft. property at 26460, 26462 and 26464 Corporate Avenue. The property is leased on a long-term basis to two companies: a tech subsidiary of Ultra Clean Holdings Inc. and Moximed Inc. Michael Wong, vice president of GI Partners, says in a statement that the asset has an excellent tenant roster and “continues to demonstrate its commitment to the property by building out extensive data center and other technology-related improvements.”
The California State Teacher’s Retirement System (CalSTRS) created DataCore in 2012 as a core investment vehicle to invest in technology-advantaged real estate in the United States, including data centers, internet gateways, corporate campuses for technology tenants and life science properties located in primary MSAs and leased to industry leading tenants.