A joint venture between Oppidan Investment Co., a national property development firm headquartered in Excelsior, Minn., and Harrison Street has acquired seven acres of land comprising multiple parcels in Santa Clara, Calif. Located at 715–805 Comstock St., the land parcels are currently zoned for data center and industrial development.
Ian Halker, vice president of development at Oppidan, said, “The seven contiguous acres of land zoned for heavy industrial is a rarity in Santa Clara, and we like the optionality for various development projects in an area where the functional vacancy rate for data center and industrial space is basically zero.”
“Harrison Street is focused on identifying strategic sites in key data center markets,” said Michael Hochanadel, managing director and head of digital real estate at Harrison Street. “Demand for well-located and highly connected data center capacity in the San Francisco Bay Area remains strong, with very few option
