SAN JOSE \u2014 A major real estate firm acquired a South San Jose property that consists of empty land where a job-creating manufacturing and industrial operation could be built.<\/p>\n
Prologis Logistics Services, a unit of Prologis, paid $14 million for a vacant site at 455 Piercy Rd., documents filed on June 25 with the Santa Clara County Recorder\u2019s Office show. InSite Property Group was the seller.<\/p>\n
In 2022, city officials gave final approval to a project at the 14.2-acre site that would include a building that totals roughly 126,500 square feet, according to planning documents. Light manufacturing operations could be conducted there.<\/p>\n
The development permit is slated to expire by the end of the year, but the new owner could apply to extend it, according to a city planner.<\/p>\n
An estimated 80 full-time employees could work in the building once operational, city documents show.<\/p>\n
The recently purchased site is in the vicinity of multiple development projects<\/a> poised to create industrial or advanced manufacturing hubs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE \u2014 A major real estate firm acquired a South San Jose property that consists of empty…\n","protected":false},"author":2,"featured_media":384239,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[184,387,7,3010,1335,383,1286,181,100,388,88,90,89,198,200],"class_list":["post-384238","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-bay-area","tag-business","tag-california","tag-commercial-real-estate","tag-development","tag-economy","tag-jobs","tag-latest-headlines","tag-news","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-santa-clara-county","tag-south-bay"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/384238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=384238"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/384238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/384239"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=384238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=384238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=384238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}