"For sure, you're seeing a shift from traditional manufacturingto more high-tech manufacturing," he tells GlobeSt.com. "Thisfacility used to house assembly for huge mainframe computers. Nowit's likely to house next-generation optical networking." He makesit clear that the marketing effort is not geared solely to the techsector, but "It's expected that this is where the next wave will befrom."
In terms of Berkeley's plans, McCaffrey notes that this isn'tthe only iron in the investment group's fire, but he's mum ondetails. "They're one of the more active groups out there," he saysof his client, "and they're looking at a whole bunch of stuff."Yes, it's focused largely on high-tech and engineering space.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
