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Sobrato Lands Buyer for Silicon Valley Data Center in Deal Priced Upwards of $86 Million

Invesco Affiliate Bets on Ongoing Demand for Tech Property Type Despite Unpredictable Economy

The Sobrato Organization, a prominent Silicon Valley developer, acquired the data center at 1735 Lundy Ave. more than a decade ago. (Chris Lau/CoStar)
The Sobrato Organization, a prominent Silicon Valley developer, acquired the data center at 1735 Lundy Ave. more than a decade ago. (Chris Lau/CoStar)

Global tech companies' commitment to physical office space may be standing on shaky ground, but their demand for data centers has yet to slow, a trend that helped bolster a more than $86 million sale that recently closed in the heart of Silicon Valley.

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