CASSIDY TURLEY HANDLES $3.6 MILLION R&D/FLEX SALE AND SUBSEQUENT LEASES
FREMONT, CALIF. — Cassidy Turley BT Commercial Palo Alto has brokered the nearly $3.6 million investment sale and subsequent lease of a 44,352-square-foot freestanding R&D/flex building located at 6200 Paseo Padre Pkwy. in Fremont. The single-story building was first sold by Drawbridge Partners and purchased by investor Christensen Ardenwood LLC, which then subsequently leased the entire building to Solaria Inc., a solar panel manufacturing company that also committed to a 1.5-acre ground lease at an adjacent site from a separate entity controlled by Christensen Ardenwood for a new solar plant. Solaria plans to move into its new headquarters facility in December. Cassidy Turley BT Commercial’s Sam Wright, Brian McCarthy and Scott Foster represented both Drawbridge and Christensen Ardenwood in the sale, as well as the two Christensen Ardenwood ownerships in the leasing of the building and the land.