Lauren Hochfelder & Ted Pick Of Morgan Stanley Real Estate Acquire Milpitas Mixed-Use Property For $84.1M

601 McCarthy Boulevard is a mixed-use asset located in Milpitas, CA. The property spans 189,481 square feet and has been acquired for a total transaction amount of $84,100,000, translating to a price per square foot of $444. The building is leased to semiconductor equipment maker KLA, which utilizes the site as a data center and R&D hub.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $84,100,000
• Location: 601 McCarthy Boulevard, Milpitas, CA
• Square Footage: 189,481
• Price per Square Foot: $444
• Buyer: Lauren Hochfelder & Ted Pick - Morgan Stanley Real Estate

Morgan Stanley Real Estate Investing paid in cash for the property, which has achieved a pricing level that exceeds the Silicon Valley average for similar R&D spaces. The deal highlights the continued demand for properties utilized by technology-focused companies in the region.