Prologis Acquires Milpitas Manufacturing Facility for $84.5MM
Prologis Acquires Milpitas Manufacturing Facility for $84.5MM
In a transaction that closed late last year, one of the world’s largest owners, operators and developers of industrial real estate, Prologis, made an acquisition of a 9-building, nearly 500,000 square foot complex in Milpitas for $84.5 million, or roughly $170 per square foot, according to public records.
The property was sold by San Diego-based Westcore Properties, which has owned the asset since 2007. The collection of nine buildings is a mixture of manufacturing and light industrial space. The asset is located at 637, 677 and 727 Gibraltar Court and 777, 847, 927, 1077 and 1177 Gibraltar Drive.
1177 Gibraltar Dr, Milpitas, CA 95035