A big tech and manufacturing complex in Fremont has been bought in a deal that suggests Bay Area real estate still maintains some islands of strength.
FREMONT — A big tech and manufacturing complex in Fremont has been bought in a deal that suggests Bay Area real estate still maintains islands of strength despite a wobbly economy.
Clipper Court Commerce Center has been bought for $103 million, according to the buyer, CIP Real Estate.Newmark commercial real estate brokers Steven Golubchik and Edmund Najera helped to arrange the property purchase. The transaction was completed on Aug. 16, documents on file with the Alameda County Recorder’s Office show.
The 14-building commerce center’s tenants include Hyundai, BASF, Hyundai, Kaeser Compressors, Advantive Technologies, Clearink Displays and CTEMS. according to the buyer and information on Google Maps. The complex totals roughly 352,300 square feet. The seller was a group affiliated with Los Angeles-based Canyon Partners, an investment firm, state business records show.
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