Bridge Industrial Completes Development Silicon Valley Industrial Facility

MILIPITAS, CA—Bridge Industrial, a privately-owned, vertically integrated real estate operating company and investment manager, has completed its development of Bridge Point Silicon Valley — a 388,240-square foot state-of-the-art industrial facility in Milpitas, CA located on 34.5 acres.

Bridge purchased the site in 2019 and was able to secure a long-term lease agreement with a major e-commerce company prior to groundbreaking. The development began in spring 2020.

The construction process, was designed based on the lease agreement, which commenced July 2021. The company will use the entirety of the 34.5-acre site, which includes both the warehouse facility and surface parking for vehicles that will help distribute goods throughout San Jose, Silicon Valley, and the Greater Bay Area.

In order to accommodate the tenant’s needs, Bridge completed a complex entitlement process that included the completion of an Environmental Impact Report Addendum through the City of Milpitas, which in partnership with the city allowed for the approval of multiple variances that allow for the tenant’s unique planned activity at the site.

Bridge also performed significant work to prepare the property for development, including extensive earthmoving and elaborate geotechnical engineering, according to a prepared release.

“We are extremely excited to have completed our work on Bridge Point Silicon Valley and cleared the way for this significant global tenant to occupy this brand new state-of-the-art facility,” said Greg Woolway, Bridge Industrial’s Vice President of Acquisitions, in the prepared statement.

The project wasn’t without its challenges. According to Woolway, challenges included “extraordinary geotechnical conditions and the ability to maintain the project development schedule through COVID in order to ensure this project was completed under budget and pre-leased. Bridge built lasting partnerships through the process with the tenant as well as the City of Milpitas who we look forward to working with again.”

He adds that the company looks forward to continuing its work in creating modern industrial facilities that can fuel ongoing economic growth across the Bay Area and California.

Located at 205 N. McCarthy Blvd., Bridge Point Silicon Valley has a signature modern architectural design featuring a natural wood façade with a bespoke paint application and an ornate curtain wall system.

Bridge Point Silicon Valley sits at a critical intersection for both Silicon Valley and traditional industrial users, the release says. The prime location along the I-880 corridor has made the area among the most desirable in the fast-growing Bay Area’s industrial market. The site also has access to Route 237 and I-680, making it an ideal location for the user’s logistics facility.