Joint venture invests in Northern California

First Industrial Realty Trust Inc. represented FirstCal in the purchase of an 11-building portfolio in Santa Clara County, Calif.

The total value of the transactions was not disclosed.

FirstCal is a joint venture between First Industrial and the California State Teachers Retirement System (CalSTRS), which invests in the development and repositioning of industrial real estate, including land.

The 737,000-square-foot portfolio purchased by FirstCal is comprised of four research and development projects located in San Jose, Sunnyvale and Milpitas.

The identity of the seller was not disclosed.

First Industrial Realty Trust Inc. is a provider of diversified industrial real estate services.

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