DigitalBridge said Friday Vantage SDC has acquired CA22, a 24MW hyperscale data center facility in Santa Clara, CA. for $539 million.
The CA22 data center facility is located in Vantage Data Center’s CA2 campus next to Vantage SDC’s fully-owned CA21 facility, which serves the supply-constrained Santa Clara market.
DigitalBridge said the transaction is a significant milestone for Vantage SDC (Stabilized Data Centers), representing its first hyperscale data center acquisition since its formation in July 2020 through a $3.5 billion strategic partnership between Vantage Data Centers and a DigitalBridge-led investor group.
Vantage Data Centers will continue to manage and operate the data center facility.
The transaction extends Vantage SDC’s footprint to 13 stabilized hyperscale data centers across North America and expands capacity by 14% to 177MW.
“DigitalBridge’s commitment to supporting the growth of its portfolio companies while serving the growing need for hyperscale data centers remains strong,” said Marc Ganzi, President and CEO of DigitalBridge. “This transaction not only advances Vantage SDC’s strategic plan to grow its portfolio of stabilized data centers, but also increases DigitalBridge’s exposure to world-class digital infrastructure assets that deliver consistent returns for investors.”
The transaction will be funded primarily through existing and new Vantage SDC debt facilities and cash on hand, the company said.
TD Securities acted as Sole Lead Arranger and Bookrunner on a $105 million Term Loan supporting the transaction.