Invesco, Overton Moore Break Ground on $300M Bay Area Industrial MXU
Invesco Real Estate and Overton Moore Properties commenced construction on Pacific Commons South in Fremont, CA. The $300-million business park includes 10 buildings and 1.7 million square feet of advanced manufacturing and warehouse space.
Initial work underway includes roughly one million square feet slated to begin delivering in Q3 2019 at one of the San Francisco Bay Area’s largest mixed-use industrial infill sites. The development provides opportunities for advanced manufacturing, biotech, clean tech, food production, and warehouse uses in a centralized, high finished, well-established business park.
The property is just west of Tesla’s factory, near a BART station and the Don Edwards Wildlife Reserve, which has walking trails, parks and bike-friendly paths.
The developers purchased the 110-acre property on Cushing Parkway in 2017. CBRE’s Rob Shannon, Chip Sutherland and Bob Ferraro are handling the leasing.
Shannon says, “The market is really hungry for this type of smart, integrated facility solution.”
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