“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,” Janice Bitters reports for the Silicon Valley Business Journal.
“The Cupertino-based iPhone maker’s 10-year agreement with project developer McCarthy Ranch for the single-story building at 407 N. McCarthy Blvd, a 313,978-square-foot structure, comes as industrial warehouse vacancy rates are shrinking to nearly zero in Silicon Valley,” Bitters reports. “The tech titan is rumored to be paying around $0.90 per square foot.”
“Apple’s newest lease is for one of two industrial buildings in the first phase of developer McCarthy Ranch’s two-phase McCarthy Creekside project tucked between Interstate 880 and Coyote Creek,” Bitters reports. “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.”
Read more in the full article here.
MacDailyNews Take: Hmm… industrial manufacturing.
Apple’s Akonia acquisition points towards ‘Apple glasses’ – August 30, 2018
Apple buys Akonia Holographics, a startup focused on lenses for AR glasses – August 30, 2018
Apple patent application reveals work on eye-tracking technology for VR and AR headsets – April 27, 2018
Apple prepping Micro-LED displays for Apple Watch and Smartglasses for 2019, sources say – April 3, 2018
Apple working on several prototypes of AR glasses – August 4, 2017
Apple’s next big move: Augmented reality – August 3, 2017
Apple’s rumored new glasses will be an even bigger deal than the iPhone – July 28, 2017
Apple silent on mysterious noises coming from clandestine complex – February 27, 2016
Loud, late-night ‘motor noises’ emanate from Apple’s secret vehicle testing center – February 11, 2016
Apple Car: Forget ‘electric,’ think hydrogen fuel cells – February 20, 2015
Inside Apple’s top-secret ‘Titan’ electric car project – March 13, 2015