Fremont industrial hub with tech tenants bought for $90 million-plus
FREMONT — An industrial hub in Fremont was bought by an East Coast real estate firm for just under $93 million in a sign of market strength for similar properties, according to documents filed on Dec. 24, 2025, with the Alameda County Recorder’s Office.
New York City-based real estate firm Tishman Speyer, acting through an affiliate, purchased the 253,500-square-foot building at 42701 and 42735 Christy St., county and state real estate records show. An affiliate of global investment management company Blackrock sold the property.
The one-story building was constructed in 1991.
Current tenants include San Jose-based Sanmina, an electronics manufacturing services provider; and DeepCoolAI, a provider of liquid cooling systems used in artificial intelligence data centers and advanced computing sites.
After the collapse of the office and hotel markets in the Bay Area following the COVID-19 pandemic, savvy investors have looked to healthy markets such as San Jose and Fremont for industrial and advanced manufacturing property deals.