Invesco Buys New Bay Area Industrial Park for $119M

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, based on records filed this month with the Santa Clara County Recorder’s Office, the purchase price for the transaction was $119M.

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