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7/25/17
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Nazareth Enterprises Inc recently completed the $15.6 mil acquisition of two properties totaling 180k sf ($87/sf) in Morgan Hill, a city roughly 20 miles southeast of San Jose in Santa Clara County. The properties are located at 18705 and 18715 Madrone Pkwy, within Madrone Business Park.
The purchases consist of 60k sf and 120k sf flex buildings situated on 9.99 acres. Together with a nearby property at 18735 Madrone Pkwy, Nazareth now leases 332.5k sf on the 20-acre parcel.
Nazareth Enterprises was represented by Abe Matar with Landmark Real Estate Services. The seller, a private equity firm, was repped by Stan Johnson Company.
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