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Blackstone-backed engineering unit inks large industrial lease in Silicon Valley

Therma LLC to occupy San Jose logistics center as industrial market faces challenges
The 212,683 square foot industrial building at 650 N King Road is owned by a fund controlled by Los Angeles-based Ares Real Estate. (CoStar)
The 212,683 square foot industrial building at 650 N King Road is owned by a fund controlled by Los Angeles-based Ares Real Estate. (CoStar)
CoStar News
October 30, 2025 | 6:38 P.M.

A Bay Area company that’s spent decades making the heating, ventilation and plumbing systems for Silicon Valley giants like Apple, Intel and Genentech has signed a full building lease in San Jose.

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News | Blackstone-backed engineering unit inks large industrial lease in Silicon Valley