- Prologis purchased 11 buildings in Brisbane’s Crocker Industrial Park for $314.5M, making it the Bay Area’s largest industrial real estate deal of 2025 by price and square footage.
- The nearly 1M SF portfolio, bought from CalSTRS, expands Prologis’s holdings in a complex that is now 95% leased, with tenants across logistics, biotech, and food services.
- AI and e-commerce growth are key drivers of demand, fueling leasing activity and reinforcing the value of well-located industrial space in supply-limited markets.
Prologis Makes Major Bay Area Play
Prologis has made a significant investment in the Bay Area’s tight industrial market, reports TheRealDeal. The company acquired 11 fully leased buildings in Brisbane’s Crocker Industrial Park for $314.5M. The deal is 2025’s largest Bay Area industrial transaction by both square footage and total price.
The purchase, totaling nearly 1M SF, comes from the California State Teachers Retirement System (CalSTRS) and averages approximately $330 PSF. With this acquisition, Prologis now controls 24 buildings in the Crocker complex, adding to its existing 500K+ SF in the park.
High Demand, Limited Supply
Crocker Industrial Park is about 95% leased, home to tenants such as Twist Bioscience, Fanatics, and Unipart. Prologis cited the park’s strategic location on the San Francisco Peninsula—a market known for tight supply and strong fundamentals—as key to the acquisition.
With limited industrial land remaining in the area, Brisbane stands out as one of the last major industrial hubs near San Francisco. Prologis VP Bobby Gray said the location benefits from consistent demand and few development opportunities.
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AI And E-Commerce Fueling The Sector
Rising demand from AI and e-commerce is fueling renewed interest in industrial real estate across the Bay Area. Prologis reports that e-commerce tenants now account for nearly 20% of its new leases nationwide. AI-related growth is also driving up space demand in key tech corridors like Silicon Valley and the Peninsula.
Investor Activity Remains High
Prologis isn’t the only firm betting on industrial real estate.San Francisco-based Sixth Street recently recapitalized a 1.7M SF UK portfolio through a $472M joint venture with Clipstone Industrial REIT. The deal signals continued global investor confidence in the logistics sector.
As capital continues to flow toward tech-adjacent real estate, well-located industrial portfolios like Crocker Industrial Park are likely to remain in high demand.
