Technology Firms Attract Suppliers to Silicon Valley – Taiwanese MiTAC International buys in Stevenson Point Tech Park – Newark, CA



Technology Firms Attract Suppliers to Region

Last Updated: March 15, 2013

GlobeSt.com

By Natalie Dolce | San Francisco

[GBP Note: building described is in the Stevenson Point Tech Park - Newark, CA]

NEWARK, CA- Urdang, the real estate manager for BNY Mellon, and its joint venture partner CapRock Partners have sold a 238,000-square-foot class A industrial building here on the edge of Silicon Valley for $22.1 million. The property was sold to Mitac Information Systems Corp., a US-based division of Taiwanese MiTAC International with core competencies in electronics manufacturing services, for $93 per square foot.

According to Cyndi Thomas, VP of Urdang Capital Management, “There is growing demand for large manufacturing and warehousing facilities as multinational technology firms expand aggressively and attract suppliers to the region.”

Click here for full article and photo on GlobeSt.com

 

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