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California  + Bay Area  + Industrial  | 

Prologis Acquires Nearly 1M-SF Industrial Portfolio from CalSTRS

Prologis has acquired a 952,869-square-foot industrial portfolio in Brisbane. The San Francisco Business Times reported the acquisition price as $314.5 million, the largest Bay Area industrial deal year to date, and identified the California State Teachers’ Retirement System as the seller. The 11-building portfolio is located within the Crocker Industrial Park, representing the final cluster of institutional-quality industrial assets before entering San Francisco.

According to Prologis, the acquisition strengthens its Bay Area footprint, allowing the company to serve its customers even more effectively, both locally and across the region. In addition, the acquisition builds on Prologis’ longstanding focus of investing in infill locations and logistics clusters close to major population centers. The portfolio is currently 95% leased.

Currently, the company has more than 285 facilities totaling more than 28.5 million square feet in the Bay Area market, including 512,000 square feet across 13 additional assets in the Crocker Industrial Park.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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