"A Morgan Stanley real estate investment unit, acting through an affiliate, has paid $110.3 million for a two-building tech complex on Osgood Road in Fremont, documents filed on Jan. 6 with the Alameda County Recorder's Office show. San Jose-based Western Digital Technologies, a data storage company, is the tenant in the two-building tech campus, whose addresses are 44100 and 44200 Osgood Road in Fremont, public records and the company's website show."
"As for the just-completed Fremont deal, the new owner paid less for the two Osgood Road buildings than the seller paid to buy the property a few years ago. In 2019, TPG Angelo Gordon paid $117.1 million for the buildings. Western Digital Technologies was the seller in that deal six years ago. The two buildings together total 291,100 square feet. The 44100 Osgood building totals 197,900 square feet, while the 44200 Osgood site totals 93,200 square feet, according to commercial real estate databases."
A Morgan Stanley real estate investment unit, through an affiliate, paid $110.3 million for a two-building tech campus on Osgood Road in Fremont. San Jose-based Western Digital Technologies is the tenant of the 44100 and 44200 Osgood Road buildings. The two buildings total 291,100 square feet, with 197,900 square feet at 44100 Osgood and 93,200 square feet at 44200 Osgood, according to commercial real estate databases. The acquisition follows a recent Tishman Speyer affiliate purchase of an industrial hub in Fremont for about $93 million. The new owner paid less than the 2019 sale price of $117.1 million.
Read at www.mercurynews.com
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