The private real estate arm of Morgan Stanley Investment Management has added a $110m (€94m) manufacturing facility to its US industrial portfolio.
Morgan Stanley Real Estate Investing (MSREI) has bought the property in Fremont, California, leased to data-storage firm Western Digital on long-term net lease. The 290,000sqft asset is situated within the San Francisco Bay Area.
Will Milam, head of US 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.”
With this acquisition, MSREI acquired approximately $1.5bn of US industrial assets in 2025, bringing its US industrial portfolio to more than 75m sqft.
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