FREMONT — A giant constructing in Fremont that has been transformed into a contemporary life sciences web site has been purchased by an East Coast firm that hopes to capitalize on a scorching Bay Space marketplace for these sorts of actual property ties.
Diversified Healthcare Belief, appearing by way of an affiliate, paid $82 million for a constructing at 47071 Baywide Parkway in Fremont, in response to paperwork filed on July 27 with the Alameda County Recorder’s Workplace.
Massachusetts-based Diversified Healthcare, an actual property funding agency, purchased the constructing by way of an all-cash deal, the county property information present.
The just-purchased property is named Fremont Labs and totals 88,500 sq. ft. The constructing was beforehand a tech-oriented workplace and analysis web site.
The deal was organized by way of JLL business actual property executives Adam Lasoff, Dan Renz, Erik Hanson, Michael Manas, Will Connors, Cheri Pierce and Johnny VanDerVelden.
“The Bay Space life sciences and biotech market,” Lasoff stated, “is likely one of the strongest within the nation.”
Jadian Capital and Graymark Capital, appearing by way of a three way partnership, offered the constructing to Diversified Well being Care Belief, county property and state enterprise information present.
In 2022, the constructing underwent a wide-ranging renovation to rework the positioning right into a life sciences property. The 2-story constructing contains massive and open flooring areas and lab areas with airlocks.
“Fremont Labs is totally leased because the headquarters location for Alamar BioSciences,” which is a illness detection firm, JLL said.