314,000 square feet of industrial manufacturing space in Milpitas, Calif., does not an auto factory make.
From Janice Bitters, commercial real estate reporter, in Friday’s Silicon Valley Business Journal:
Apple Inc. has signed a major lease for nearly 314,000 square feet of industrial manufacturing space at McCarthy Creekside, a brand-new, multiphase development in Milpitas, according to real estate records…
In the most recent McCarthy Creekside deal with Apple, the tech titan is rumored to be paying around $0.90 per square foot…
The first 136,000-square-foot building in the development was leased earlier this year to electric vehicle maker SF Motors, the U.S. Subsidiary of Chinese automaker Sokon Industrial Group.
My take: The clues are intriguing, but let’s not jump to any conclusions. By comparison, Tesla’s car factory in Fremont, below, fills 5.3 million square feet of manufacturing and office space.
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