Acquisition advances Galvanize’s profitable decarbonization strategy to California, building on its presence across East Coast and Midwest markets

NEW YORK, Sept. 18, 2026 /PRNewswire/ — Galvanize Real Estate (“GRE”), the sustainable real estate strategy of Galvanize, announced its acquisition of a four-property, 300,000-square-foot industrial portfolio located in Milpitas, an infill submarket in the Interstate 880 East Bay corridor (the “Milpitas Portfolio”). The acquisition marks GRE’s entry into California and expands the strategy’s portfolio to 3.5 million square feet nationwide.

“California has always been an attractive and natural target for us, given its combination of decarbonization potential and strong real estate fundamentals,” said Joseph Sumberg, Managing Partner and Head of Galvanize Real Estate. “We plan to enhance the portfolio’s efficiency while investing to meet the growing industrial demand in Milpitas. As advanced manufacturing expands and energy costs rise, we expect these initiatives to benefit the local grid and attract high-quality tenants looking for reliable energy and price certainty.”

“Located in the East Bay, the Milpitas Portfolio brings together several of the qualities we look for as we continue to grow GRE’s nationwide industrial portfolio: proximity to fast-growing advanced manufacturing hubs, a skilled labor pool, access to major transportation networks, and constraints on new supply,” added Nadine Anderson, Managing Director, Acquisitions at Galvanize Real Estate. “We are excited to enter this market with the acquisition of four assets, which we intend to make higher-performing, higher-power, and more attractive to tenants.”

GRE’s business plan for the Milpitas Portfolio centers on a series of initiatives to improve energy efficiency and reduce emissions, including the installation of behind-the-meter solar energy generation, battery storage, and electric vehicle charging infrastructure. The planned solar installations are expected to generate more than 1,000 MWh of clean energy annually and would mark GRE’s first deployment of a behind-the-meter renewable energy program. GRE anticipates that these upgrades will reduce the properties’ annual operational carbon emissions by approximately 279 metric tons. Over 30 years, the cumulative emissions avoided are expected to be equivalent to those produced by burning 2,433,795 pounds of coal.

“California’s longstanding climate leadership aligns closely with GRE’s approach to profitable decarbonization,” said Nicolette Jaze, Head of Sustainability at Galvanize Real Estate. “As the state continues to advance a cleaner future for its residents and businesses, we intend to build on that strong foundation through practical improvements that reduce the Milpitas Portfolio’s carbon emissions while strengthening the assets for the long term.”

About Galvanize

Galvanize is a global asset manager investing at the intersection of energy innovation, resilience, and intelligence. The firm deploys capital across seed, venture, growth, public equities, credit, and real estate, combining investment expertise with deep in-house capabilities in technology, policy, and markets. Galvanize is built to identify opportunities created by structural change in the 21^st-century economy and convert them into long-term value.

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SOURCE Galvanize