|
|
10/06/15
|
Carbon3D Inc signed a long-term lease for 87k sf in Redwood City that represents the city’s largest new industrial lease in recent history. The facility is located at 1089 Mills Way, east of Woodside Rd and adjacent to the south side of Hwy 101.
Carbon3D is a Silicon Valley-based company that has developed breakthrough technology for layerless 3D printing. The company will be expanding and relocating to 1089 Mills Way from another location in Redwood City.
The firm’s new office/warehouse facility features 34k sf of office space, 53k sf of warehouse/manufacturing space, 24-foot clear-height and is located minutes from Redwood City’s burgeoning downtown core.
Mike Davis and Michael Draeger of Colliers International’s Redwood City office represented the Landlord, 1089 Mills Way LLC, in the transaction. Terms of the deal were not disclosed.
“This brings the effective vacancy rate for this product type to zero percent,” noted Davis. “The tenant plans to invest significant capital into the property to create a first-class headquarters, manufacturing and R&D facility.”
Colliers International’s market research indicates that market vacancy for industrial product in San Mateo County is down 33%, year over year, at 2.65% currently. Average asking rent has increased 18%, year over year.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
