Exclusive: Apple signs big industrial lease in Milpitas

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.

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.

Before Apple signed…

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