Two big buildings in Fremont have been scooped up by a veteran real estate firm from Beverly Hills in a deal that suggests investors still hunger for properties in Silicon Valley.
Kennedy Wilson has bought two large Fremont office buildings, one at 47200 Bayside Parkway and the other at 3500 W. Warren Ave., according to documents filed on April 2 with the Alameda County Recorder’s Office.
TA Realty sold the buildings, which are about 0.7 miles apart, the public records show.
An affiliate of Kennedy Wilson paid $32.3 million for the buildings, according to the Alameda County property records.
Brokers Steven Golubchik, Edmund Najera, Darren Hollak, and Jack Phipps of Newmark, a commercial real estate firm, arranged the purchase.
The transaction was an all-cash deal, the county documents show.
The just-purchased office buildings are of a type that could appeal to companies that seek to ensure their employees have plenty of access to elbow room amid ongoing concerns about the coronavirus. Read more