California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
BlackRock Trades Fully Leased Industrial to Tishman Speyer
Tishman Speyer has acquired the Christy Street Industrial Center, a fully leased, 253,440-square-foot industrial property in Fremont, from funds and accounts managed by BlackRock for $92,950,000. Rebecca Perlmutter of CBRE brokered the transaction.
Christy Street Industrial Center is fully occupied by global electronics manufacturer Sanmina Corporation via a long-term lease. The property features an efficient floorplate, 23- to 26-foot clear heights, 52 dock-high and eight grade-level doors, and above-market parking and power.
“The explosive growth of the AI, power management, electric vehicle, aerospace, and defense industries has generated significant and enduring demand for institutional-quality industrial space across Silicon Valley,” said Tishman Speyer managing director Michael Alderman. “We were drawn to Christy Street as a part of our core-plus strategy for its strong in-place tenancy, quality floorplate, substantial power and parking, and the opportunity to gain a foothold in the supply-constrained Fremont submarket.”
Tishman Speyer launched its industrial platform in 2021.
- ◦Sale/Acquisition
