Search
 

Tech Repurposing of Industrial Product Leads to Building

SAN JOSE—Some of the space pressure should be relieved with the development at the Silicon Valley Industrial Center, one of the only industrial projects underway at this time.

SV Industrial Silicon Valley Industrial Center will be a high-cube facility.

SAN JOSE—The recent absorption of industrial product by Google, Facebook, Apple and Tesla, combined with the strongest commercial real estate market in the US, has led to a record low supply of industrial space in the Bay Area, says JLL. Panattoni Development Company aims to relieve some of that pressure with the delivery of a 111,043-square-foot speculative development at the Silicon Valley Industrial Center, a multi-million dollar industrial development and the only project of its kind currently under construction in the market.

Silicon Valley Industrial Center will be a high-cube facility constructed to LEED standards. It has been designed with sufficient docks and trailer parking for high-throughput distribution, while also having enough power and car parking for advanced manufacturing. The concrete slab has been poured, walls will be tilted this month and completion is slated for September of this year.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.