Facebook Likes 56-Acre Menlo Park Site for Future Master Development

It's good to be neighbors with fast-growing tech firms. Facebook, Inc. purchased a 56-acre industrial park from industrial REIT Prologis, Inc. (NYSE: PLD) located just south of the social media giant’s Menlo Park, CA, headquarters for a reported $400 million. Prologis has owned and managed the 21-building Menlo Science & Technology Park on Willow Road between Highway 101 and the Dumbarton Bridge since 1998. The properties are mostly warehouse...



from newsa http://ift.tt/1DJTOxX

via IFTTT