Real estate firm grabs San Jose property where light manufacturing project was OK’d

Prologis Logistics Services has acquired a 14.2-acre vacant site in South San Jose for $14 million from InSite Property Group. The property, located at 455 Piercy Rd., is currently entitled for a 126,500-square-foot light manufacturing facility that was approved by city officials in 2022. This acquisition highlights continued investment in industrial and manufacturing real estate within a region increasingly focused on developing advanced industrial hubs.

Prologis Logistics Services, a subsidiary of the global industrial real estate giant Prologis, purchased the undeveloped land at 455 Piercy Rd. for $14 million. The transaction, recorded on June 25 with the Santa Clara County Recorder’s Office, involved InSite Property Group as the seller. The site spans 14.2 acres and represents a significant addition to the industrial inventory in South San Jose, a region targeted for job-creating manufacturing operations.

The property comes with existing entitlements for a building totaling approximately 126,500 square feet. San Jose city officials granted final approval for the project in 2022, specifically designating the site for light manufacturing use. While the current development permit is scheduled to expire by the end of this year, city planners indicate that Prologis has the option to apply for an extension to maintain the project's viability.

Once operational, the proposed manufacturing facility is estimated to support approximately 80 full-time employees, according to city planning documents. The acquisition is strategically positioned near several other development projects that are collectively transforming the area into a hub for industrial and advanced manufacturing. This move by Prologis reinforces the sector's demand for shovel-ready sites capable of supporting high-density employment and specialized production in the Silicon Valley market.