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Morgan Stanley Real Estate Investing Acquires San Francisco Bay Area Advanced Manufacturing Facility for $110 Million
NEW YORK, January 20, 2026--Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a premier advanced manufacturing property in Fremont, California, 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.
About this update from Morgan Stanley
[{"type":"text","content":"NEW YORK, January 20, 2026--(BUSINESS WIRE)--Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a premier advanced manufacturing property in Fremont, California, 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.","length":409,"tagName":"p"},{"type":"text","content":"Commenting on the transaction, 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."","length":456,"tagName":"p"},{"type":"text","content":"Situated within the San Francisco Bay Area, this 290,000-square-foot advanced manufacturing space features high power capacity relative to market averages.","length":155,"tagName":"p"},{"type":"text","content":"With this acquisition, MSREI acquired approximately $1.5 billion of U.S. industrial assets in 2025 bringing its U.S. industrial portfolio to more than 75 million square feet.","length":174,"tagName":"p"},{"type":"text","content":"About Morgan Stanley Real Estate InvestingMorgan Stanley Real Estate Investing (MSREI) is the global private real estate investment management business of Morgan Stanley. One of the most active property investors in the world for over three decades, MSREI employs a patient, disciplined approach through global value-add / opportunistic and regional core / core-plus real estate investment strategies. With 17 offices throughout the U.S., Europe and Asia, regional teams of dedicated real estate professionals combine a unique global perspective with local presence and significant transaction execution expertise. MSREI currently manages $55 billion of gross real estate assets worldwide on behalf of its clients.","length":715,"tagName":"p"},{"type":"text","content":"About Morgan Stanley Investment ManagementMorgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around ...