"For sure, you're seeing a shift from traditional manufacturing to more high-tech manufacturing," he tells GlobeSt.com. "This facility used to house assembly for huge mainframe computers. Now it's likely to house next-generation optical networking." He makes it clear that the marketing effort is not geared solely to the tech sector, but "It's expected that this is where the next wave will be from."
In terms of Berkeley's plans, McCaffrey notes that this isn't the only iron in the investment group's fire, but he's mum on details. "They're one of the more active groups out there," he says of his client, "and they're looking at a whole bunch of stuff." Yes, it's focused largely on high-tech and engineering space.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
