"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."
"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."
A 253,500-square-foot industrial building at 42701 and 42735 Christy St. in Fremont sold for just under $93 million on Dec. 24, 2025. The buyer was an affiliate of New York City-based Tishman Speyer and the seller was an affiliate of global investment manager Blackrock. The one-story building was constructed in 1991. Current tenants include San Jose-based Sanmina, an electronics manufacturing services provider, and DeepCoolAI, which supplies liquid cooling systems for AI data centers and advanced computing sites. Investors have shifted toward San Jose and Fremont for industrial and advanced manufacturing assets after Bay Area office and hotel market declines.
Read at www.mercurynews.com
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