The 135,000-square-foot facility is located at 53500 Grand River Ave. A total of 35,000 square feet of the new facility is dedicated to office space and the remaining 100,000 square feet is designated for manufacturing and warehouse workspaces.

The latest recruit is Jason Cranston, a 20-year veteran with experience in the Peninsula industrial and logistics market, who has joined JLL as a managing director in the firm's Menlo Park/Silicon Valley office.

Thanks to a lack of confidence in the public markets, private equity funds are likely to increase commercial real estate investment.

The developer has acquired a 10-acre-site in West Henderson with plans to build a two-building industrial property.