Blackstone Acquires Power-Dense Silicon Valley Production Facility Leased to Nvidia for $99.6 million
SUNNYVALE, Calif. — Blackstone Real Estate has acquired a 134,200-square-foot manufacturing and research facility in Sunnyvale for $99.6 million (with initial market estimates reporting $95 million). The property at 350 Cobalt Way is fully leased to AI chipmaker Nvidia under a long-term commitment through August 2036. The acquisition reflects growing investor demand for power-dense industrial […]
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