The private real estate arm of Morgan Stanley Investment Management has added a $110m (鈧�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: 鈥淭his acquisition reflects MSREI鈥檚 conviction in the Bay Area鈥檚 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.鈥�
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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