Real estate titan grabs huge Fremont industrial and commercial property

Real estate titan grabs huge Fremont industrial and commercial property

FREMONT — A huge East Bay commercial and industrial building where a furniture store once operated before closing its doors has been bought in a deal that offers a bright spot in a gloomy real estate market. Prologis, acting through an affiliate, paid $59 million for a building at 5555 Auto Mall Parkway in Fremont, according to documents filed on June 16 with the Alameda County Recorder’s Office. Related Articles Entrepreneur pushe…

Prologis Buys 177,000 SQFT Industrial Property in Fremont for $59MM - The Registry

By The Registry Staff In a transaction that offers a glimmer of hope amidst a challenging commercial real estate landscape, Prologis, a leading real estate investment trust, has acquired a commercial and industrial building in Fremont for $59 million, or about $333 per square foot, according to a report from The Mercury News. The seller, […] The post Prologis Buys 177,000 SQFT Industrial Property in Fremont for $59MM appeared first on The Regist…