Premier Business Centers




The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





NORTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Bay Area R&D Campus Picked Up by Peninsula Land & Capital in $19.6 Mil Deal

12/15/17

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.”





Return to the Archive page


 
 
 
 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media