CBRE Announced that the Fremont Technology Center is Fully Leased

CBRE announced that the Fremont Technology Center, a Class A 395,125 square-foot warehouse facility, is fully leased. MiTAC Information Systems Corporation, a global leader in IT solutions, signed a lease for the remaining 348,286 sq. ft.

CBRE’s Chip Sutherland, Rob Shannon, Chris van Keulen and Bob Ferraro represented the landlord, an Ares Real Estate fund (“Ares”). MiTAC was represented by Cushman & Wakefield’s Mark Moser.

Prior to development, the property was rezoned from a retail site to industrial tech zoning. Construction began in Q1 2023 and was completed in Q1 2025. Ares Industrial Management, a leading owner and operator of logistics facilities, manages the property.

“The full leasing of Fremont Technology Center marks a significant milestone for our City and highlights the power of collaboration between the public and private sectors. The rapid lease-up by leading companies in AI hardware and electric vehicle manufacturing affirms Fremont’s role as a premier hub for advanced industries in Silicon Valley. I’m proud to have supported the rezoning of this project alongside my City Council colleagues, whose unanimous vote helped turn a long-vacant retail site into a vibrant center for middle-income manufacturing jobs. This project is a testament to what can be achieved with a clear vision, strong partnerships, and a commitment to economic prosperity,” said Fremont Mayor Raj Salwan.

Fremont Technology Center has three buildings located at 40541-40445 Albrae Street and 40901 Encyclopedia Circle in Fremont. Each building has high clear heights, dock and grade-level loading.

“Fremont Technology Center was fully leased shortly after it was delivered, which is a testament to Ares’ strategic investment and rezoning efforts. Newer industrial properties of this size are rare, and strong demand for modern, well-located industrial facilities helped achieve competitive rents and favorable outcomes for all parties involved,” said van Keulen.

Newer industrial buildings are highly sought after in Silicon Valley, as nearly 70% of the available industrial space was built prior to 2000, according to CBRE Research. Fremont/Newark has the highest share of newer industrial facilities. In Q1 2025, all deals over 100,000 sq. ft. took place in Fremont/Newark.

MiTAC Information Systems Corporation, a subsidiary of MiTAC Holdings Corporation, is a reputable and professional IT solutions provider with a remarkable track record spanning over four decades. As part of the MiTAC-SYNNEX Group, established in 1945, MiTAC's business scope covers a wide array of industries, including computers, consumer electronics, IT channels, system integration, software development, etc.