CBRE Facilitates 212K SF Industrial Lease at the San Jose Logistics Center

CBRE arranged the full-building, 212,683-square-foot lease to Therma LLC at the San Jose Logistics Center, a Class A industrial warehouse.

CBRE’s Chip Sutherland and Brian Matteoni represented the owner, an Ares Real Estate fund. Ares Industrial Management, a leading owner and operator of logistics facilities, manages the property.

“The lease up with immediate commencement of the recently delivered San Jose Logistics Center underscores the demand for modern logistics and manufacturing space in today’s market. With limited new supply, occupiers such as Therma are moving quickly on newer product that is well-located, with ample power today, and access to additional power,” said Matteoni, executive vice president at CBRE.

Located at 650 N King Road, the property has 36 ft. clear heights, 27 dock high doors, two grade-level doors, ample trailer parking and zoned for light industrial use. The San Jose Logistics Center is within two miles of Interstate 680, Highway 101 and the Berryessa BART station.

Industrial leasing activity in Silicon Valley increased in the second quarter this year to 2.23 million square feet, up from 2.17 million square feet in Q1 2025, according to CBRE Research. This is the highest level of leasing activity since Q3 2021, when 2.67 million square feet was leased. About 40% of the deals signed in Q3 were 100,000 square feet or greater.