A partnership between Voit Development Co. and Buchanan Street Partners has acquired a 428,000-square-foot industrial/warehouse and data center building in Irvine, Calif., for approximately $57 million.

The seller, Nexus Windstar, purchased the building in 2000 and leased it to Exodus Communications, who put $45 million of capital improvements into the data center portion of the property.

SAVVIS Inc. is now leasing the 126,000 square-foot of data center to provide off-site data storage and backup computer systems for its clients.

The partnership plans to offer 303,000 square feet of available industrial/warehouse space for lease either to a single tenant or up to three tenants.

The building is also situated with 3.5 acres of excess land, allowing for the prospect of expansion or additional development opportunities for Voit in the future. The partnership plans to conduct minor capital improvements to renovate the building and interior upgrades to the facility.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription