Business October 2, 2026 1 min read Milpitas, CA
Silicon Valley R&D Campus on McCarthy Boulevard Trades for $84.1M
An institutional research and development property in Milpitas has sold in an $84.1 million commercial deal.
A major research and development facility located at 601 McCarthy Boulevard in Milpitas has traded hands in an $84.1 million transaction, commercial real estate brokerage JLL announced.
The campus is situated within the McCarthy Ranch area near the intersection of Highway 237 and Interstate 880, placing it in the middle of a prominent South Bay tech and semiconductor cluster.
Commercial advisors involved in the deal noted that high-spec flex and research properties in Silicon Valley continue to attract steady investor demand, supported by long-term commitments from advanced hardware and life science tenants in Milpitas.