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California  + Bay Area  + Industrial  | 

Dermody Buys Semiconductor Facility in Fremont

Reno-based Dermody Properties acquired Fremont Industrial Center, an 81,704-square-foot advanced manufacturing facility in Fremont, CA for $10.25 million.  The buyer is a private investor, which public records list as Pantronix’ Stanley Wang and his wife, Franny. The building, which is the longtime Pantronix HQ, will be sold and leased back by the semiconductor company.

Dermody Properties’ George Condon says, “As we continue to grow our portfolio throughout Northern California, the Bay Area is a key market for Dermody Properties. “We are excited to acquire an advanced manufacturing building fronting I-880.”

Located at 2710 Lakeview Ct., the asset sits on nearly five acres in Fremont’s Innovation District near Tesla’s operations. The facility features modern office space, loading for advanced manufacturing users and four parking spaces per 1,000 square feet. Planned improvements include a new roof, interior renovations and HVAC upgrades.

JLL’s Eddie Shuai and Steven Chon represented both parties in the transaction.

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Read more at DermodyConnect With Dermody Properties’ CondonConnect With JLL’s Shuai

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.