ASILOMAR PARTNERS ACQUIRES 195,000-SQUARE-FOOT R&D PROPERTY
FREMONT, CALIF. — Silicon Valley investors Asilomar Partners have purchased a three-building, 195,000-square-foot research and development campus from UBS Realty, an institutional commercial real estate owner, for an undisclosed amount. Located at 49000 Milmont Drive in Fremont, the property had been marketed for more than 4 years, most recently as a residential redevelopment site. However, in the short term, Asilomar plans to keep it as an office/R&D project and will divide the buildings down to roughly 12,000 square feet. Mike Webber of GVA Kidder Mathews represented Asilomar in the transaction.