FREMONT — A big industrial and research building in Fremont has been bought in a deal that shows that while the Bay Area office market wobbles in a post-coronavirus era, other commercial property types still entice investors.
The purchase was completed in the wake of an announcement by the two real estate titans that Prologis had agreed to buy from Blackstone a nationwide portfolio of industrial and research buildings.That transaction, revealed in late June, was valued at $3.1 billion, Prologis and Blackstone stated.
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