Morgan Stanley buys Silicon Valley R&D facility for $84.1 million
MS•Morgan Stanley Real Estate Investing funds acquired a 189,481-square-foot research and development facility in Milpitas, California, for $84.1 million. The property is subject to a long-term net lease with semiconductor equipment supplier KLA.
1. Facility acquisition
Morgan Stanley Real Estate Investing funds acquired the Class A facility in Silicon Valley’s Golden Triangle for $84.1 million. The 189,481-square-foot property is subject to a long-term net lease with KLA and expands the funds’ exposure to semiconductor infrastructure.
