Wall Street titan grabs big Fremont tech campus for $100 million plus
FREMONT — A company linked to one of Wall Street’s legendary firms has paid more than $100 million to buy a big tech campus in Fremont in a sign that buyers still hunger for some research and office buildings.
A Morgan Stanley real estate investment unit, acting through an affiliate, has paid $110.3 million for a two-building tech complex on Osgood Road in Fremont, documents filed on Jan. 6 with the Alameda County Recorder’s Office show.
San Jose-based Western Digital Technologies, a data storage company, is the tenant in the two-building tech campus, whose addresses are 44100 and 44200 Osgood Road in Fremont, public records and the company’s website show.
This deal represents the second time in recent weeks that a high-profile real estate firm has bought a big tech campus in Fremont.
On Dec. 24, an affiliate of Tishman Speyer paid about $93 million for an industrial hub on Christy Street. Tech tenants such as electronics manufacturer Sanmina occupy that Fremont site.
As for the just-completed Fremont deal, the new owner paid less for the two Osgood Road buildings than the seller paid to buy the property a few years ago.
In 2019, TPG Angelo Gordon paid $117.1 million for the buildings. Western Digital Technologies was the seller in that deal six years ago.
The two buildings together total 291,100 square feet. The 44100 Osgood building totals 197,900 square feet, while the 44200 Osgood site totals 93,200 square feet, according to commercial real estate databases.