Brett Lipman Of Preylock Holdings Acquires 27-Acre Industrial Campus In San Jose For $268.3M

The property asset involved in the transaction is a 27-acre industrial site located at 3930-4000 North 1st Street & 90 Headquarters Drive, San Jose, CA. The sale price was $268,300,000, and the property encompasses a total square footage of 491,458. The price per square foot for this transaction was $546.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $268,300,000
• Address: 3930-4000 North 1st Street & 90 Headquarters Drive
• Market: San Jose, CA
• Asset Size: 27 acres
• Square Footage: 491,458
• Price Per Square Foot: $546
• Buyer: Brett Lipman - Preylock Holdings
• Seller: Henry Steinberg - EQT Exeter
• Brokers: Steven Golubchik, Edmund Najera, Darren Hollak & Brendan Raney - Newmark

The transaction involved Los Angeles-based Preylock Holdings acquiring the property, known as The Assembly, from EQT Real Estate. The asset is fully leased to notable companies including robotics firm Figure AI, Logitech, and Teradyne, highlighting a significant step in the Bay Area's advanced manufacturing and R&D landscape.