DRA Advisors Acquires Industrial Portfolio From Blackstone In Bay Area For $149M

The industrial properties located at 901, 1001, 1123, 1151 Cadillac Court, 591 North King Road, and 1721 Rogers Avenue in Milpitas and San Jose have been sold for $149,000,000. The total square footage of these properties amounts to 537,400 square feet, with a price per square foot of $277. The sale involved the buyer, David Luski of DRA Advisors, and the seller, Stephen A. Schwarzman of Blackstone.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $149,000,000
• Address: 901, 1001, 1123, 1151 Cadillac Court, 591 North King Road & 1721 Rogers Avenue
• Market: Milpitas & San Jose
• Buyer: David Luski - DRA Advisors
• Seller: Stephen A. Schwarzman - Blackstone
• Square Footage: 537,400
• Price Per Square Foot: $277

A New York-based real estate investment group, managed by DRA Advisors, has acquired a significant portfolio of office, commercial, and industrial buildings in the Bay Area for over $100 million. The purchase includes multiple buildings totaling over 500,000 square feet in San Jose and Milpitas, demonstrating sustained investor interest in Bay Area real estate despite challenging market conditions.