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Last-Mile Site in San Jose Catches Prologis’ Eye

This 9.08-acre acquisition by Prologis, within 10 minutes of San Jose's airport, near downtown and with access to the South Bay's major freeways, makes it an ideal candidate to fill some of the last-mile demand.

1055 Commercial The 9.08-acre land parcel is located north of downtown San Jose at 1055 Commercial Ct.

SAN JOSE—A recently acquired site is a strategic core purchase for Prologis, in this market where land is scarce, and demand remains strong for in-fill development and associated last-mile delivery uses. The 9.08-acre land parcel is located north of downtown at 1055 Commercial Ct., and the terms of the transaction were not disclosed.

JLL logistics and supply chain specialists Mike Murray, Greg Matter and Jason Ovadia arranged the sale on behalf of Prologis. Matter says it is an exceptionally well-located site that is “perfectly positioned” for future in-fill and last-mile industrial development.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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