FREMONT — Two Fremont workplace buildings have been purchased for $80.5 million by a bunch from Chicago in an indication that actual property traders nonetheless starvation for tech and biotech properties in Silicon Valley.
The buildings are situated close to one another in Fremont’s Ardenwood district and have been purchased by an affiliate of Chicago-based LaSalle Funding Administration, paperwork filed on Sept. 16 with the Alameda County Recorder’s Workplace present.
Appearing via separate associates, LaSalle Funding paid $42.5 million for a constructing at 6500 Kaiser Drive and $38 million for one more constructing at 6300 Dumbarton Circle, in response to the Alameda County property paperwork.
BioMed Realty, a San Diego-based actual property funding belief that focuses on properties geared in direction of biotech and life sciences tenants, offered each Fremont buildings to LaSalle Funding, the county information present.
The 6500 Kaiser constructing totals 88,000 sq. toes and the 6300 Dumbarton constructing is 44,000 sq. toes, in response to posts on the BioMed Realty web site.
Kyocera SLD Laser, a maker of optical merchandise; and Ceterix Orthopaedics, a medical gear producer, are tenants within the 6500 Kaiser constructing, in response to Google Maps. Novo Nordisk, a pharmaceutical firm, leases house within the 6300 Dumbarton constructing.
It wasn’t instantly clear if each of the just-bought buildings are totally occupied.
Fremont’s Ardenwood district has turn into a hotbed of firms looking for to function close to Silicon Valley with entry to the tech hub from Interstate 880 and the Dumbarton Bridge.
Tech, biotech and life sciences firms have additionally leased house in Ardenwood as a result of the situation locations the workers who work in Fremont nearer to comparatively less-expensive housing within the East Bay than can be the case in the event that they operated in the identical sorts of services in San Mateo County or San Francisco.
Fb app proprietor Meta Platforms is maybe the highest-profile firm in Ardenwood. The social networking behemoth is renting at the least 1 million sq. toes in Fremont’s Ardenwood district.