FREMONT — An enormous actual property investor with a world attain has purchased two massive workplace and analysis buildings in Fremont’s Ardenwood district, which has turn out to be a hotbed for tech and life sciences tenants.
The property deal reveals that Silicon Valley buildings with life science or tech tenants are drawing the curiosity of patrons regardless of any financial uncertainties that will linger in wake of the coronavirus outbreak.
BentallGreenOak, appearing by way of affiliate BGO Ardenwood Proprietor, paid $51.3 million for the 2 buildings, public paperwork that have been filed on April 9 in Alameda County present.
The just-purchased buildings are positioned on Campus Drive close to Kaiser Drive in Fremont, based on the county property information. The buildings that BentallGreenOak purchased are in a Fremont tech hub often known as Ardenwood Know-how Park.
The buildings collectively complete about 92,200 sq. ft, based on a property gross sales brochure that was circulated by JLL, a business actual property agency. The vendor, an affiliate of LBA Realty, calls the positioning Ardenwood Analysis Heart.
One constructing, totaling 48,200 sq. ft, is leased to Neuralink and is at 34781 Campus Drive. The opposite constructing, totaling 44,000 sq. ft, is rented by AnaSpec and is at 34801 Campus Drive, the JLL brochure reveals.
Tech entrepreneur Elon Musk co-founded Neuralink and not too long ago shifted the corporate’s headquarters to Fremont from San Francisco, based on the JLL brochure. Neuralink has developed a neurological interface that may hyperlink a mind and a pc.
“Neuralink has skilled vital progress since inception, and may very well be a logical candidate to broaden into the second constructing throughout the property,” the JLL brochure acknowledged.
A careers web page on the Neuralink web site reveals that the corporate goals to rent not less than 25 extra individuals to work in Fremont.
“We wish to rent a variety of individuals with numerous engineering, scientific, and operations experience,” the Neuralink submit states.
Though BentallGreenOak, an actual property agency with $55 billion in property belongings below administration, is the principal purchaser, property paperwork present that Harvest Properties additionally has an involvement with the possession group.
Fremont’s Ardenwood Know-how Park has turn out to be a magnet for an array of tech and biotech corporations attributable to its location a brief distance from the Dumbarton Bridge, with entry to the primary tech hubs of Silicon Valley.
“Ardenwood has been reworked significantly lately,” JLL acknowledged in its brochure. “Life sciences corporations particularly have been flocking to Ardenwood Know-how Park attributable to its shut proximity and easy accessibility to Silicon Valley and the Peninsula.”
