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.
