The company has signed a lease for 114,000 square feet in Mountain View, more than double its previous footprint.

The REIT acquired a 95%-occupied, 205,000-SF shopping center for a purchase price that represents $190 per square foot.

Also, the share of capital flowing into secondary and tertiary markets has widened considerably.

Average asking rents for warehouses within 5 to 10 miles of ports run between 41% and 63% higher than in outlying areas.