**Tishman Speyer Acquires Fully Leased Fremont Industrial Property for $92.95 Million**
Tishman Speyer has acquired the Christy Street Industrial Center, a 253,440-square-foot industrial property in Fremont, California, for $92.95 million. The property was purchased from funds and accounts managed by BlackRock. The transaction was brokered by Rebecca Perlmutter of CBRE.
The Christy Street Industrial Center is fully leased to Sanmina Corporation, a global electronics manufacturer, under a long-term agreement. The building features a highly functional floorplate, clear heights ranging from 23 to 26 feet, 52 dock-high and eight grade-level doors, along with above-market offerings in parking capacity and power infrastructure.
“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 Michael Alderman, Managing Director at Tishman Speyer. “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, and this acquisition aligns with the company’s strategic expansion into high-demand industrial markets.
