Hamid Moghadam Of Prologis Acquires Industrial Portfolio From Cassandra Lichnock Of CalSTRS For $314.5M

Prologis has acquired an 11-building industrial portfolio in Brisbane, California, comprising a total of 940,000 square feet. The acquisition price for this industrial asset was $314,500,000, resulting in a price per square foot of $335. The assets are currently 95% leased and are part of the larger Crocker Industrial Park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $314,500,000
• Buyer: Hamid Moghadam - Prologis
• Seller: Cassandra Lichnock - CalSTRS
• Square Footage: 940,000
• Price per Square Foot: $335
• Market: Brisbane
• Lease Status: 95% leased

This transaction marks the largest industrial sale in the Bay Area for 2025. Following this acquisition, Prologis' total holdings in the region will exceed 1.4 million square feet, further solidifying its presence in the industrial market. The portfolio is comprised of well-maintained assets situated in a prime location within Crocker Industrial Park.