By Brittney Sherman
A large advanced manufacturing facility in Morgan Hill was purchased for $22 million—more than 50% below its 2022 price—by a group led by Shoe Palace CEO George Mersho. The property at 755 Jarvis Avenue was previously owned by a Westbrook Partners affiliate. CBRE brokers Chip Sutherland and Brian Matteoni arranged the deal, part of a broader trend of discounted commercial property sales in the Bay Area.
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