Bridgepoint Building I willmeasure 333,800 square feet and Building II will total 388,240square feet at 205 N. McCarthy Blvd.

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MILPITAS, CA—Representing Bridge Development Partners' first andlargest Bay Area project, the 722,040-square-foot industrialfacility, Bridge Point Silicon Valley, is now underway. BridgeDevelopment views the project on the 34.5-acre site as asignificant milestone in its pipeline.

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"Growing our presence in the Bay Area is crucial to Bridge'sstrategic growth in California," said Greg Woolway, vice presidentand Bay Area market leader at Bridge Development Partners. "Wecurrently have 17 projects totaling more than 12.5 million squarefeet in our pipeline focused in the Bay Area, Los Angeles Countyand the Inland Empire."

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The site, located at 205 N. McCarthy Blvd., is comprised of twobuildings. Building I will measure 333,800 square feet, whileBuilding II will total 388,240 square feet. Both facilities areplanned to have 36-foot clear ceilings and 185-foot truck courtdepths.

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Bridge acquired the site from Hudson Pacific Properties in 2019and is expected to deliver the development in the fourth quarter of2020. The site has historically been undeveloped and sits at acritical intersection for both Silicon Valley and traditionalindustrial users. Facebook and Apple are located nearby, as well asTesla, creating significant opportunity for a wide variety oftenants in technology and other industries at the site.

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Bridge Point Silicon Valley's design will include an exposedwood grain soffit and ornate curtain wall system.

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"The architectural design of this project is forward thinking,reflecting the Silicon Valley location," Woolway tells GlobeSt.com."The design features take into account not only tenants but thetenants' employees."

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Bridge Point Silicon Valley is located along the Interstate 880corridor, which has consistently ranked as the top Bay Areaindustrial market due to the presence of both leading technologyplayers and traditional warehouse facilities. The site also hasaccess to Route 237 and Interstate 680, making it a prime locationfor tenants in shipping, logistics and other industries.

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"The region is experiencing significant demand from technology,e-commerce and logistics users, and Bridge Point Silicon Valley isuniquely positioned to service the groups that require warehousespace in close proximity to the many leading technology companiesin this area," adds Woolway. "We are thankful to the city ofMilpitas for their dedicated partnership and support throughout theprocess of this acquisition, and look forward to completing adevelopment that can serve as a true cornerstone for Bridge'sgrowing Bay Area portfolio."

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Jason Ovadia and Greg Matter of JLL are the leasing brokers forthe property.

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More than 1.3 million square feet of new construction deliveredacross Newark and Milpitas by year-end 2019, 570,000 of which waspreleased. With the remaining space likely to deliver vacant, tightmarket conditions will be further alleviated as availabilitiesincrease, according to a report by JLL.

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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.