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California  + Bay Area  + Industrial  |  December 2, 2022
Vantage Secures $350M Loan for Santa Clara Data Center Project, Societe Generale Provides Financing
Mark Nieto
By: Mark Nieto

Vantage Secures $350M Loan for Santa Clara Data Center Project

Vantage Data Centers has announced plans to convert a recently purchased building at 2950 Walsh Ave. in Santa Clara, CA into a 479,000-square-foot data center campus. The company has also secured a $350 million loan from French bank Societe Generale to finance the effort. 

Vantage acquired the one-story building in a $40 million transaction last year. The 42-year-old property totals 114,000 square feet and sits on 6.7 acres. 

The data center will be part of the company’s Santa Clara campus, which currently houses six total data centers – two on Walsh Avenue and four on a nearby street. Vantage has worked with Societe Generale in recent transactions, as the bank supplied a $300 million green loan for a planned Vantage data center in Virginia and another $68 million loan for a facility in Canada.

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Vantage Data CentersSociete Generale

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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