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


Santa Clara, CA (Silicon Valley)