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December 15, 2018
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Bay Area R&D Campus Picked Up by Peninsula Land & Capital in $19.6 Mil Deal


Fremont Technology Park, a three-building, 166.8k sf office/R&D complex in Fremont, was purchased by Peninsula Land & Capital in a recent $19.65 mil ($118/sf) transaction. It was sold by Cabot Properties.

Built in 1985, Fremont Technology Park sits just one mile east of Pacific Commons, one of the largest retail centers in Alameda County. Additionally, the opening of the Fremont Warm Springs BART station earlier this year, as well as the addition of over 4,000 residential units in the surrounding area, will help maintain the park as a desirable technology hub for years to come.

Scott Prosser, Joe Moriarty, Jack DePuy and Chip Sutherland of CBRE’s Northern California Capital Markets team represented Cabot Properties in the transaction. Peninsula Land & Capital is a private equity investment firm focused on R&D acquisitions and dispositions in the greater Bay Area.

“The demise of nearly 16 msf of product throughout Silicon Valley has only amped up demand for R&D spaces in the past few years,” said Prosser. “That, plus a stable, long-term tenant occupying over 87% of the space, makes this an excellent hold for the buyers.”

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