MORGAN HILL, CALIF. — Nazareth Enterprises has purchased the 180,000-square-foot Madrone Business Park in Morgan Hill, just south of San Jose, for $15.6 million. The two-building asset is located at 18705 and 18715 Madrone Parkway.
Nazareth Enterprises also purchased the Paramit Building late last year, making the company one of the single-largest landlords in Morgan Hill. Sterling Bank & Trust provided financing for the project. Abe Matar with Landmark Real Estate Services represented Nazareth. Stan Johnson Co. represented the seller, a private equity firm, in this transaction.