MG Properties, a San Diego-based real estate investment and management company, has acquired Artist Walk Apartments in Fremont for $89.75 million. The 185-unit mixed-use community includes 30,000 square feet of ground floor retail space.
Jeff Gleiberman, President of MG Properties commented on the purchase: “We remain confident in the long term economic potential of the Bay Area and are excited to add this high quality property to our portfolio there”
Cushman & Wakefield’s Jason Parr Seth Siegel and Scott MacDonald represented Clarion Partners while Freddie Mac provided financing through CBRE Capital Markets’ Andrew Behrens Jesse Weber and Stephen Baird.
This acquisition is yet another example of MG Property’s commitment to expanding their presence within California’s Bay Area market as they continue to seek out new opportunities for growth throughout the region
