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industrial acquisition Johnson & Johnson Vision is a 180,086-square-foot flex building situated on 13.43 acres.

MILPITAS, CA—Industrial and warehouse demand still remains high, outpacing the constrained supply. Large-scale investors and users were forced to place their money in the southern and eastern regions of the Valley during the last quarter, with limited opportunities elsewhere. Industrial and warehouse investors continue to gobble up the few remaining properties with plans to redevelop into different product types that can yield higher returns, according to Kidder Mathews’ second quarter industrial report.

Construction stayed constant during the second quarter with 1,175,608 square feet of industrial development underway. Warehouse construction remains at 84,648 square feet, after being entirely dormant last quarter, says the report. These projects can’t be completed soon enough as tenant demand for space in Silicon Valley continues to rise.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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