Amazon purchased a flex industrial space in Pasadena for $78.8 million as it ramps up data center spending, according to property records. The price was almost 139 percent over what seller El Segundo-based Alvarez & Marsal Capital Real Estate paid a few years ago. The property, at 2964 Bradley Street, was home to multinational aerospace and defense corporation Thales, though it is unclear whether it is still a tenant. The 168,000-square-foot building sold for roughly $469 per square foot. It is in Pasadena’s 210-technology corridor, less than 15 minutes away from California Institute of Technology. Neither the buyer nor seller […]
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