Galvanize Real Estate (GRE), the sustainable real estate strategy of Galvanize, has acquired a four-property, 300,000-square-foot industrial portfolio located in Milpitas, an infill submarket in the Interstate 880 East Bay corridor.
The acquisition marks GRE’s entry into California and expands the strategy’s portfolio to 3.5 million square feet nationwide.
“California has always been an attractive and natural target for us, given its combination of decarbonization potential and strong real estate fundamentals,” said Joseph Sumberg, managing partner and head of Galvanize Real Estate. “We plan to enhance the portfolio’s efficiency while investing to meet the growing industrial demand in Milpitas. As advanced manufacturing expands and energy costs rise, we expect these initiatives to benefit the local grid and attract high-quality tenants looking for reliable energy and price certainty.”
“Located in the East Bay, the Milpitas Portfolio brings toget
