Goodman Group has acquired a 45.8-acre infill property located in the US from an affiliate of LBA Realty for around $200m (€172m).
The San Jose, California site is earmarked for the Goodman Innovation Centre San Jose project, which includes two data centres totalling approximately 414,000sqft, alongside dedicated manufacturing and warehouse space.
The site currently has two existing R&D buildings totalling 500,349sqft available for lease from October 2026.
Anthony Rozic, CEO of Goodman North America, said: “This acquisition is a clear illustration of Goodman’s strategy to deliver infrastructure in major cities, adding value to sites with high barriers to entry, and providing future growth opportunities.”
He added: “San Jose’s talent, connectivity, and power availability make it ideal for a mixed-use campus that advances technology growth and manufacturing innovation.”
Goodman Group, which has been developing its data centre capability since 2005, now holds a global power bank of 5GW, spanning completed facilities, secured power and potential projects across 13 major international cities.
The firm’s US data centre portfolio is now valued at over A$10bn (€5.6bn).
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