IRVINE, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- CIP Real Estate announced today the $40 million acquisition of Tully Business Center, a small-bay industrial park in San Jose, California. The 143,221-square-foot project consists of six single-story buildings with 81 industrial and R&D units ranging in size from 500 to 5,000 square feet, with grade-level loading at each building. The project represents the best-of-class in light industrial/flex industrial space in the vicinity. "We are excited to acquire this unique property due to its size and premium location in San Jose," said Eric Smyth, CEO of CIP Real Estate.