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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.
- ◦Sale/Acquisition




