A 323,000-square-foot business park in Fremont’s Ardenwood neighborhood is changing hands for $73.3 million.
This is just months after Tesla and Facebook announced plans to open satellite offices in the area, the Mercury News reports.
The four-building complex sits near the intersection of Kaiser Drive and Ardenwood Boulevard, just minutes from the east side of the Dumbarton Bridge. The buildings are currently being leased by Boehringer Ingelheim, a German pharmaceutical company.
Until recently, Ardenwood had largely been popular with relatively stodgy biotech and biomedical companies, flying under the radar while properties just a few miles away in Palo Alto and Mountain View commanded top dollar for space from software startups.
That could be changing.
In October, Tesla signed a lease for 229,000 square feet of office space in Ardenwood, enough room for some 1,500 employees. The buildings had previously been occupied by now-defunct biotechnology company Genitope.