Silicon Valley R&D building trades for $84.1M
United States, Sept. 29 -- JLL Capital Markets announced today that it has completed the $84.1 million sale of 601 McCarthy, a 189,481-square-foot R&D building in Milpitas, California.JLL represented the seller in the all-cash sale of the asset to a fund managed by Morgan Stanley Real Estate Investing, representing $444 per square foot.Built in 1998 and renovated in 2017, 601 McCarthy is 100% leased to KLA Corporation (NASDAQ: KLAC), a leading semiconductor process control and inspection equipment manufacturer. The property serves as a critical R&D and data center facility for KLA, located just a short walk from the company's Milpitas global headquarters. 601 McCarthy features two stories, 6,000 amps of power, large floor plates and a 9.7-a...
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