Morgan Stanley Investment Management said on Tuesday that funds managed by its real estate investing unit, Morgan Stanley Real Estate Investing (MSREI), have acquired an advanced manufacturing facility in Fremont, California, for $110 million.
The property, comprising about 290,000 square feet, is subject to a long-term net lease with Western Digital, the company said.
The facility has higher power capacity than market averages and is located in the San Francisco Bay Area.
Morgan Stanley Real Estate Investing said the acquisition brings its U.S. industrial purchases in 2025 to about $1.5 billion, with its U.S. industrial portfolio totaling more than 75 million square feet.
