Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), has acquired a premier advanced manufacturing property in Fremont, Calif., for $110 million, which is subject to a long-term net lease with Western Digital, a global leader in the data storage and infrastructure solutions sector.
Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing, said, “This acquisition reflects MSREI’s conviction in the Bay Area’s advanced manufacturing ecosystem and aligns with our strategy of investing in high-quality research and development assets in core innovation corridors, where demand is driven by superior infrastructure and access to top talent, and where supply remains constrained.”
Situated within the San Francisco Bay Area, this 290,000-square-foot advanced manufacturing space features high power capacity relative to market averages.
With this acquisition, MSREI acquired approximately $1.5
