JLL Capital Markets announced that it has completed the $84.1 million sale of 601 McCarthy, a 189,481-square-foot R&D building in Milpitas, Calif.
JLL represented the seller in the all-cash sale of the asset to a fund managed by Morgan Stanley Real Estate Investing, representing $444 per square foot.
Built in 1998 and renovated in 2017, 601 McCarthy is 100 percent leased to KLA Corp., a semiconductor process control and inspection equipment manufacturer. The property serves as a critical R&D and data center facility for KLA, located a short walk from the company’s Milpitas global headquarters. 601 McCarthy features two stories, 6,000 amps of power, large floor plates and a 9.7-acre site with 620 parking spaces. KLA has made substantial recent investments in the property, including a significant data center expansion and power infrastructure upgrades.
The asset is positioned at the intersection of State Route 237 and Interstate 880 within Silicon Valley
