"A group affiliated with a Chicago-based real estate firm operating as CDECRE LLC paid $70.1 million to buy a 26-acre industrial site at 41777 Boyce Rd., according to documents filed on Jan. 8 with the Alameda County Recorder's Office. Prologis, a San Francisco-based real estate firm, was the seller in the all-cash deal, county records show. Newmark commercial real estate executives Steven Golubchik, Edmund Najera, Darren Hollak, and Brendan Raney arranged the transaction."
"The property is across the street from the PG&E Newark substation, which is in Fremont despite its name. It is one of the key components of an effort by LS Power Grid California, an affiliate of Missouri-based LS Power, to develop two major new electricity facilities in the Bay Area. One major project is running from the Newark Substation to the Northern Receiving Station."
Investors affiliated with a Chicago-based firm paid $70.1 million for a 26-acre industrial site at 41777 Boyce Rd. in Fremont. Prologis sold the property in an all-cash transaction arranged by Newmark executives. The site sits across from the PG&E Newark substation and is positioned to support next-generation advanced manufacturing with strong infrastructure and utility access. The location aligns with LS Power Grid California plans to develop new regional electricity connections between the Newark Substation and Silicon Valley Power's Northern Receiving Station. Fremont aims to encourage warehouse, logistics, and manufacturing districts to attract advanced technology, distribution, and innovation-oriented companies.
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