Greater Fremont Technology Campus Attracts Veteran Shoppers

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FREMONT – A large technology campus in the Fremont area that has become popular with tech companies has been bought by a group led by an experienced real estate firm.

Campus @ Ardenwood, a four-building complex on Kaiser Drive in Fremont, was acquired by Alloy Properties subsidiary, TPG Real Estate Partners’ subsidiary of life sciences and innovation.

The terms of the purchase were not immediately known.

“We are delighted to expand our portfolio with the acquisition of Campus @ Ardenwood, an anchor entity in the fast-growing Ardenwood submarket in East Bay,” said Jacob Mueller, Managing Director of TPG Real Estate Partners.

Campus @ Ardenwood is approximately 323,000 square feet, according to a promotional brochure distributed in 2017.

The seller in the recent deal was an affiliate of RREEF, the real estate investment arm of Deutsche Bank.

In 2018, the RREEF affiliate paid $ 73.3 million for a technology campus.

This is the first investment by Alloy, a subsidiary of TPG Real Estate, in the Bay Area.

“Alloy Properties is focusing on acquiring office and research campuses that can be converted into best-in-class facilities for the life sciences, biotechnology and innovation,” Alloy said on its website.

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