722K SF Silicon Valley Industrial Campus Breaks Ground
Bridge Development Partners has broken ground on a two-building, 722K SF industrial campus in Milpitas it will call Bridge Point Silicon Valley.
The developer acquired the 35.4-acre, undeveloped site at 205 North McCarthy Blvd. from Hudson Pacific Properties last year for $78.1M. That was its first Bay Area development following a number of projects in Los Angeles County and the Inland Empire region.
Bridge's Milpitas complex will sit comfortably along the I-880 corridor about half a mile from the interstate, representing a potentially attractive location for multiple user types, including neighboring Amazon. Since Bridge bought into the area in July, so did the e-commerce giant, agreeing in November to lease a combined 343K SF across three buildings that are also on North McCarthy Boulevard.