August 10, 2017
Nazareth Enterprises, Inc., completed the acquisition of the Northern California facilities of Johnson & Johnson Vision, a 180,086-square-foot flex building situated on 13.43 acres in Milpitas, CA for $49.8 million. Located at 510 Cottonwood Dr., the facility is 100% occupied by Johnson & Johnson Vision.
Landmark Real Estate Services’ Abe Matar represented the buyer. The seller was reportedly Menlo Equities. Financing was arranged by BluePoint Commercial Mortgage and provided by Deutsche Bank.
Nazareth Enterprises’ Mounir Kardosh says, “This is a highly prized asset for us, due to Abbott Medical/Johnson & Johnson Vision and the property’s mission critical use.”
Located in the heart of Milpitas and the Silicon Valley, the property was developed in 1981 and underwent significant renovations in 2008. The property features concrete construction, solar power, four dock doors and ample parking.
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