Quanta Manufacturing has leased a 163,000-square-foot plant in Fremont.
The Taiwan-based unit of Quanta Computer has leased the industrial building at 5567 Cushing Parkway, the San Francisco Business Times reported. Terms of the deal were not disclosed.
The manufacturing plant at Pacific Commons South business park expands Quanta’s footprint in Fremont. The industrial campus was built by Gardena-based Overton Moore Properties and Dallas-based Invesco Real Estate.
Quanta leases a handful of buildings in the city, including a 102,900-square-foot industrial building at 44108 Pacific Commons Boulevard at Pacific Commons South, according to the Business Times. A decade ago, it took up more than 1 million square feet in Fremont.
Its new building at 5567 Cushing Parkway was previously leased to Sana Biotechnology, which inked a deal in the summer of 2021. But Sana listed it for sublease a year later to cut costs.
Overton Moore then took the building back from Sana to lease it directly to Quanta, according to an unidentified source.
Invesco and Overton Moore bought the 110-acre site in 2017 for $123 million. The joint venture then built the industrial campus in three phases near Interstate 880 and Auto Mall Parkway.
Pacific Commons South, completed last year at a cost of $300 million, contains 1.7 million square feet of warehouses and industrial buildings.
Overton Moore and CBRE, which has handled leasing at Pacific Commons South, announced this summer that the business park was 100 percent leased.
This month, Overton Moore and Invesco leased the last of 10 Pacific Commons South buildings to China-based autoparts firm, Suzhou HYC Electronic Technology, at 5210 Bunche Drive.
Fremont and nearby Newark contain a combined 37.2 million square feet of industrial buildings, according to CBRE, with a 2.5 percent vacancy rate in the second quarter.
— Dana Bartholomew
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