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The firm intends to construct three buildings: Building 100 – 104,950 square feet, Building 200 – 145,164 square feet and Building 300 – 402,582 square feet. Groundbreaking on the project is expected later this month.
No other Bay Area site has a single industrial building of this size under development in close proximity of other services that will allow firms to truncate delivery times and lower transportation costs.
The majority of the industrial buyers in San Diego are trade buyers from other California markets, like Los Angeles and the Inland Empire, looking for better yields.
San Antonio's growing population combined with the rapid expansion of e-commerce businesses has created a significant demand for distribution facilities such as Foster Ridge, says Koontz in this <b>EXCLUSIVE</b>.
“Although 2018 is likely to see the highest level of new deliveries on record in Atlanta, we expect to see more record-low vacancies and moderate rent growth,” says Transwestern's Keith Pierce.