Galvanize Real Estate Makes California Debut with Milpitas Industrial Portfolio

Galvanize Real Estate Makes California Debut with Milpitas Industrial Portfolio

Galvanize Real Estate (GRE), the real estate platform of Tom Steyer’s climate firm Galvanize, has made its first California acquisition with a deal for the Cadillac Court Industrial Portfolio, a four-building campus in Milpitas. The San Francisco Chronicle reported the purchase price as $94 million. Newmark executive vice chairman and president, Western Region Capital Markets ...

Galvanize Buys 302,000 SQFT Cadillac Court Industrial Campus for $94MM in Milpitas

Tom Steyer’s climate investment firm paid roughly $312 per square foot for the four-building Milpitas campus, a bet that Silicon Valley’s sub-2-percent industrial vacancy will support the premium DRA Advisors extracted at sale. Galvanize, the climate-focused investment firm Tom Steyer co-founded, has made its first California acquisition, paying just under $94 million for a four-building […]