FREMONT, CA—Demand for industrial product has held steady throughout this downturn, and increased high-volume leasing activity portends future growth for this metric as tenants move into currently vacant spaces in 2020, according to a second quarter report by Cushman & Wakefield. The latest example is an 89,336-square-foot logistics building, 44370 Christy St., that Dermody Properties acquired last year. The national company focused exclusively on the logistics real estate sector recently leased the building to a San Jose-based company.
"The Fremont submarket is a business-friendly environment with direct access to the greater San Francisco Bay Area," said George Condon, West region partner for Dermody Properties. "This property offers a prime location and access to a strong labor pool."
The building is situated on 6.51 acres within the Fremont submarket. The property offers direct frontage and access to Interstate 880 as well as access to Interstate 680, providing close proximity to two of the three main commuter freeways running through the Silicon Valley.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
