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7/01/25
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Fremont Technology Center, a Class A, 395.1k sf warehouse facility in the East Bay city of Fremont, is fully leased. MiTAC Information Systems Corporation, a global leader in IT solutions, signed a lease for the remaining 348.3k sf of space.
Fremont Technology Center consists of three buildings located at 40541-40445 Albrae St and 40901 Encyclopedia Circle in Fremont. Each building has high clear heights, dock and grade-level loading.
Prior to development, the property was rezoned by the ownership, an Ares Real Estate fund, from a retail site to industrial tech zoning. Construction began in Q1 2023 and was completed in Q1 2025. Ares Industrial Management, a leading owner and operator of logistics facilities, manages the property.
MiTAC Information Systems Corporation, a subsidiary of MiTAC Holdings Corporation, is a reputable and professional IT solutions provider with a remarkable track record spanning over four decades. The firm was represented by Cushman & Wakefield’s Mark Moser. CBRE’s Chip Sutherland, Rob Shannon, Chris van Keulen and Bob Ferraro repped the landlord in the deal.
Newer industrial buildings are highly sought after in Silicon Valley, as nearly 70% of the available industrial space was built prior to 2000, according to CBRE Research. Fremont/Newark has the highest share of newer industrial facilities. In Q1 2025, all deals over 100k sf took place in Fremont/Newark.
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