113
FREMONT, MILPITAS AND SAN JOSE, CALIF. — Boston-based International Real Estate Corp. has acquired an 800,000-square-foot industrial portfolio, which spans Fremont, Milpitas and San Jose. Milpitas Industrial Properties Inc. sold the portfolio for $68 million or approximately $85 per square foot. The center is currently 94 percent occupied by tenants, including Kraft Foods, Flextronics Inc. and Loomis Fargo & Co. Joe Moriarty, Bob Gilley and Steve Hermann of CB Richard Ellis brokered the transaction.