TCC, CBRE Investment Management sell technology park in Northern California

Trammell Crow Company (TCC) and joint venture partner CBRE Investment Management, on behalf of one of its funds, have sold Butterfield 5 Technology Park in Morgan Hill, Calif., to Invesco Real Estate. The sales price was not disclosed.

The 410,101-square-foot industrial park was completed earlier this year and includes five class A buildings suited for Silicon Valley industrial users.

“We are pleased to have delivered a state-of-the-art industrial park in Morgan Hill, a Silicon Valley community that we are proud to have partnered with over the past several years,” said Will Parker, principal with TCC’s Northern California office. “Morgan Hill is poised for thoughtful, continued growth. Butterfield 5 Technology Park will provide local jobs and will serve as an attractive environment for established and expanding companies in the area.”

Butterfield 5 Technology Park is located on a 24-acre site west of U.S. Highway 101 and near Morgan Hill’s central bu