Prologis to put up 312K sf industrial building in San Jose

San Francisco REIT plans to tear down vacant 141K sf structure to build a bigger one

Prologis to Put Up 312K sf Industrial Building in San Jose
Prologis' Hamid Moghadam; 2256 Junction Avenue (Getty, Prologis, Google Maps)

Prologis wants to tear down a 141,300-square-foot industrial building in north San Jose to build another one twice its size.

The San Francisco-based real estate investment trust has filed preliminary plans to build a 312,000-square-foot industrial building at 2256 Junction Avenue, the Silicon Valley Business Journal reported.

Plans call for a LEED Silver-certified building, which would include solar rooftops and electric vehicle plugins, Prologis spokeswoman Alana Victor told the newspaper.

It would replace a vacant industrial building, built in 1976 on nearly 14 acres on the south corner of Junction and Dado Street.

The property is officially owned by Duke Realty, a major developer acquired by Prologis last year for $26 billion.

Duke Realty had envisioned converting the property into a distribution warehouse for Seattle-based, which signed a lease for the building.

In 2021, Duke filed plans to demolish parts of the building, expand it by 200 square feet and configure it to serve as a “last mile” e-commerce distribution center, to be operated by a single tenant to support expedited local deliveries to customers, according to the city.

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But those plans never got off the ground. And Prologis, a major landlord for Amazon, didn’t  mention the online tech giant.

“Our intent is to transform a vacant site into a state-of-the-art industrial facility,” Victor said in a statement.

The industrial plans come a year after the global developer last summer announced it would buy the 112 acres beneath California’s Great America theme park in Santa Clara for $310 million.

In August, Prologis bought a 246,000-square-foot industrial and research building in Fremont for $86.6 million, or $352 per square foot.

In July, the company bought the 111,000-square-foot San Jose industrial Center for $38 million, or $342 per square foot.

— Dana Bartholomew

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Prologis' Hamid Moghadam, Cedar Fair's Richard A. Zimmerman and California’s Great America at 4701 Great America Pkwy. (Prologis, Cedar Fair, Oleg Alexandrov/CC BY-SA 4.0/via Wikimedia Commons)
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