Morgan Stanley Real Estate Investing Acquires Two Industrial Properties In California For $147.2M

The transaction involved the sale of two industrial properties located at 47173 & 47266 Benicia Street in Fremont and 10650 Hemlock Avenue in Fontana, California. The total sale price for the properties was $147,200,000, encompassing a combined square footage of 231,544. The price per square foot for the overall transaction was $636.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $147,200,000
• Buyer: Lauren Hochfelder & Olivier de Poulpiquet - Morgan Stanley Real Estate Investing
• Seller: Luke J. Petherbridge - Link Logistics; Oldcastle Infrastructure
• Square Footage: 231,544
• Sale Price per Square Foot: $636
• Market: Fremont & Fontana

Morgan Stanley Real Estate Investing acquired a 139,900 square foot campus at 47173–47266 Benicia St. from Link Logistics, alongside a 91,644 square foot facility at 10650 Hemlock Ave. from Oldcastle Infrastructure. These acquisitions are part of Morgan Stanley's ongoing growth strategy within the industrial sector, contributing to their total of 5.2 million square feet acquired within the year to date.