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Clarion Claims 185-Unit Artist Walk in Fremont for $110M

Danville, CA-based developer Blake Griggs Properties and investment partner, JD Capital USA, sold Artist Walk in Fremont, CA to Clarion Partners for a reported $110.25 million. The fully-leased 185-unit apartment property has served as a catalyst for the revitalization of Fremont’s Centerville district, and is located across from the Fremont ACE train station.

The TOD property features a pedestrian-oriented public courtyard, water-feature fountain and a 1,900-square-foot private community room available to community groups for art exhibits and meeting space. Artist Walk also has a resort-style pool, clubhouse, in-unit washer/dryers, nine-foot ceilings and private balconies on select units. Artist Walk’s 30,000 square feet of commercial space is fully-leased to a collection of restaurant, service and fitness tenants.

Blake Griggs Properties’ Brad Blake says, “Artist Walk is a poster-child of smart transit-based development, located a block from the Altamont Commuter Express train going to Silicon Valley and just two miles from BART.”

Cushman Wakefield arranged the transaction.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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