Butterfield 5, a five-building, 410K SF Class A industrial park that was completed earlier this year in Morgan Hill, CA, has been acquired by Invesco Real Estate from Trammell Crow and its joint venture partner, CBRE Investment Management.
According to a report in Silicon Valley.com, based on records filed this month with the Santa Clara County Recorder's Office, the purchase price for the transaction was $119M.
The 24-acre industrial complex is located near the central business district in Morgan Hill, which is southeast of San Jose in Santa Clara County.
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