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The sector achieved nearly 1 million square feet of growth between July and December of last year, with countywide vacancy reaching below 5% by year's end, according to Cushman & Wakefield.
Vista Investment Group acquires a 314,000-square-foot office campus for $113 million in a sale that represents one of the largest real estate transactions in Silicon Valley in the past 12 months.
The property offers 529,000 square feet of class A office space at 300 Interpace Parkway and 1 Upper Pond Road, with leasing opportunities from 3,500 to 90,000 square feet.
Last-mile industrial is bringing new life to outmoded facilities that are well located, and rent spreads between classes are expected to continue tightening as more last-mile users target these spaces, C&W's Jeff Chiate tells GlobeSt.com.