The corporate purchased the tech park in 2015 for $19.7 million.
Dollinger Properties has secured $27.5 million for the refinancing of the 140,000-square-foot Fremont Tech Park II in Fremont, Calif. Gantry organized the 11-year, fastened price mortgage, offered by United Omaha Life Insurance coverage, on behalf of the proprietor.
Initially inbuilt 1998, the property has been modernized and well-maintained all through the years, that includes high-image design and landscaping. The proprietor purchased the asset in September 2015 for $19.7 million. Tenants on the tech park embody Fairness Workplace Properties, Flash Electronics and Pacira Prescription drugs, in line with CommercialEdge information.
The three-building, gentle industrial/R&D flex-tech campus is positioned at 46400 Fremont Blvd., one mile west of Interstate 880, offering quick access into California’s San Jose, Fremont and Oakland areas, and customarily into the Better Silicon Valley area. Gantry’s Director, Tony Kaufmann, mentioned in ready remarks that properties resembling Fremont Tech Park II carried out nicely through the pandemic because of the demand for versatile lab house. In line with Gantry’s Principal Mark Ritchie, the development of lenders competing for loans tied to industrial properties will proceed in 2022.
