Morgan Stanley Real Estate Investing Acquires Silicon Valley R&D Facility for $84.1 million, Building on Continued Investment Themes Across the Platform
Business Wire•11/11/2026•14:00 ET
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Key Highlights
- ➤MSREI acquires 189,481-square-foot KLA R&D facility for $84.1 million
- ➤Kansas City cross-dock distribution facility acquired for $158.5 million
- ➤MSREI completes $296 million sale of 11 Spring Arbor communities
- ➤MSREI manages $58 billion of gross real estate assets worldwide
Expert Statements
David Gross, Managing Director, MSREI
“This acquisition reflects our continued conviction in Silicon Valley as a leading hub for semiconductor innovation and advanced manufacturing.”
David Gross, Managing Director, MSREI
“The property’s specialized infrastructure, proximity to KLA’s global headquarters and significant investment by the tenant underscore the facility’s strategic importance.”
Will Milam, Head of MSREI, U.S.
“The breadth of our recent activity demonstrates how we are translating our highest-conviction themes into investments across the platform.”
Will Milam, Head of MSREI, U.S.
“We continue to see attractive opportunities in assets that support technology and data infrastructure, advanced manufacturing and logistics, and seniors housing, where long-term structural trends are driving real estate demand.”
Morgan Stanley Real Estate Investing Acquires Silicon Valley R&D Facility for $84.1 million, Building on Continued Investment Themes Across the Platform
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a 189,481-square-foot research and development facility in Milpitas, California for $84.1 million. The facility is subject to a long-term net lease agreement with KLA Corporation, a global leader in semiconductor process control and yield management systems.
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