Opus West Corp. closed escrow on five contiguous units within one building at Fremont Tech Center (www.fremonttechcenter.com), representing the largest single deal to close at the 136,730-square-foot project located within the 4.4-million-square-foot Bayside Business Park in Fremont, Calif. Jaton Corporation, a designer and manufacturer of high-performance graphic accelerator cards, purchased the units that together total 14,510 square feet and are comprised of R&D and office space. The company is expected to relocate its Milpitas, Calif. headquarters in mid-March, joining other recent buyers at Fremont Tech Center, including Telirite Technical Services, Inc. and Sunware Corporation.

 

“Despite market conditions, sales at Fremont Tech Center remain steady,” said Don Little, senior vice president of Opus West in Northern California. “This latest deal underscores the continued need for small, yet high-quality R&D buildings in the Bay Area, as companies are looking for strategic investment options and a way to manage their rents over an extended period of time. We are pleased that we could deliver such a product to meet Jaton Corporation’s long term business goals.”

 

Construction on Fremont Tech Center completed in March 2008. It is comprised of 10 separate buildings, seven of which are shell R&D/light industrial spaces. The remaining three buildings consist of 26 individually addressed units built out with approximately 50 percent office space. Each unit is flexible in size, ranging from approximately 2,500 to 12,500 square feet and designed to accommodate office, R&D and light industrial businesses.

 

Fremont Tech Center is located adjacent to a future 340,000-square-foot retail center, which will offer a myriad of restaurants, shops, convenience services and national retailers. It is directly accessible from Interstate 880 and 680, both major highways connecting the East and South Bays, and is accessible by Fremont Boulevard South to McCarthy Boulevard.

 

Opus West incorporated a number of sustainable features into Fremont Tech Center to minimize its environmental footprint. These sustainable features combined with easy access to the freeway were cited as major factors for Jaton Corporation when considering the move from its former Milpitas headquarters.

 

Brokers Tom Taylor, senior vice president, Scott Prosser, senior vice president, and Benjamin Rojas, vice president, with CB Richard Ellis, represented Opus West Corp. in the transaction. Julie Ho, president of Wealth Realty Advisors, represented Jaton Corporation.

 

Opus West Corp. is headquartered in Phoenix and is one of five regional companies within the Opus Group. The Opus Group, based in Minneapolis, is a full-service real estate development company with more than 55 years of experience. Opus is recognized as a national leader in office, industrial, retail, multifamily, government and institutional development and has offices across the United States and in Canada. Committed to creating great real estate, Opus implements best practices in sustainable design and construction to maximize building performance and reduce environmental impact. A community steward since its inception, the Opus Group is committed to the long-term development of people and communities by contributing 10 percent of its pre-tax profits to community organizations. For more information, visit www.opuscorp.com.