Google, Super Micro Eye 294,000 SQFT Milpitas Building for AI, Manufacturing Use
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
Google and Super Micro Computer are among the tech companies weighing a lease in a newly built Milpitas industrial building engineered specifically for the kind of power-hungry advanced manufacturing and artificial in…
External link. Real Estate Trail does not republish source content.
Related coverage — Industrial
Piyush Goyal pitches for dedicated US-India industrial park under BHAVYA scheme
AI Orders Overflowing: Three Major Tech Giants Snap Up Over NT$100 Billion in Industrial Real Estate, Full-Year Transactions Poised to Top NT$200 Billion
Lincoln Property Co. Sells Two Industrial Buildings at Park303 in Glendale, Arizona for $170.2M
GLENDALE, ARIZ. — Dallas-based Lincoln Property Co. has sold two industrial buildings within Park303 in Glendale. Nuveen Real Estate acquired the assets for $170.2 million. The transaction represents the last of the f…
Lincoln Sells Final Two Industrial Buildings in Park303 Logistics Park in Glendale, Arizona for $170.2M
GLENDALE, ARIZ. — Lincoln Property Co. has sold the final two industrial buildings at Park303 logistics park in Glendale. Nuveen Real Estate, a leading global investment manager, acquired the assets for $170.2 million…
IRG Acquires 422,727 SF Distribution Facility in St. Paul, Minnesota
ST. PAUL, MINN. — Industrial Realty Group LLC (IRG) has acquired a 422,727-square-foot industrial facility located at 411 Farwell Ave. in South St. Paul. The property formerly served as the headquarters of The Sportsm…
SVN Chicago Commercial Arranges $25.5M Sale of Industrial Property in Lake Zurich
LAKE ZURICH, ILL. — SVN Chicago Commercial has arranged the $25.5 million sale of a 210,000-square-foot industrial property located at 1275 Ensell Road in Lake Zurich. Paul Cawthon and Angelo Labriola of SVN represent…