Prologis buys office and research park in Fremont for $71M

Prologis buys office and research park in Fremont for $71M

Oct 7, 2024, 11:00 AM
By TRD Staff

Prologis has bought a 292,00-square-foot office and research park occupied by Siemens in Fremont for $71.3 million.

The San Francisco-based real estate investment trust bought the four-building property at 46859, 46871, 46889 and 46897 Bayside Parkway, the San Jose Mercury News reported. The seller was undisclosed.

The cash deal works out to $244 per square foot.

The property was owned by Mentor Graphics, according to a property database, which was acquired in 2017 by Siemens and renamed Siemens EDA, a unit of Siemens Industry Software.

The campus is now fully occupied by Siemens Industry Software, a subsidiary of the German-based tech firm.

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