Overview

• Nvidia purchased the 251,000-square-foot Santa Clara Commerce Park for $123 million in cash, adding to its growing real estate portfolio.
• The complex, located across the street from Nvidia's headquarters, includes office suites and flex warehouse space leased to tenants such as a fitness studio, a vocational school, and an Indian community center.
• This acquisition follows Nvidia's recent $254.3 million purchase of three adjacent buildings and a $374.3 million buyout of its headquarters campus last year.
• Sources suggest Nvidia is employing a 'covered land play,' leasing the properties short-term while planning redevelopment into data centers or semiconductor fabrication facilities.
• The purchases align with Nvidia's broader strategy to consolidate its operations in Santa Clara, leveraging its AI-driven financial success for strategic long-term investments.