Key Takeaways
- • Prologis acquired a 26-acre industrial site in Fremont for $70.1 million in an all-cash transaction, positioning the property for advanced manufacturing development aligned with the city's economic strategy.
- • The property at 41777 Boyce Road is strategically located across from PG&E's Newark substation, providing exceptional utility infrastructure access critical for next-generation manufacturing operations.
- • Fremont is actively developing warehouse, logistics, and manufacturing districts to attract advanced technology, distribution, and innovation-oriented companies, with the city targeting over 40,000 technology jobs by 2035.
- • The transaction, arranged by Newmark executives Steven Golubchik, Edmund Najera, Darren Hollak, and Brendan Raney, represents one of the Bay Area's increasingly rare industrial development sites of significant scale.
- • The site's adjacency to LS Power Grid California's major electricity infrastructure projects—including a terminal connection from Newark Substation to Northern Receiving Station in Santa Clara—enhances its utility for power-intensive advanced manufacturing.
Summary
Prologis, the San Francisco-based industrial real estate firm, has acquired a 26-acre undeveloped industrial site in Fremont through its affiliate Boyce and Weber Road LLC for $70.1 million in an all-cash transaction. The acquisition, recorded with the Alameda County Recorder's Office on January 8, 2026, represents a strategic investment in the East Bay city's emerging advanced manufacturing corridor.
The property, located at 41777 Boyce Road, sits directly across from PG&E's Newark substation—a critical infrastructure asset despite its Santa Clara County name designation. This strategic positioning provides exceptional utility access and electrical capacity essential for advanced manufacturing operations. Fremont Economic Development Director Donovan Lazaro emphasized the site's potential, stating that the transaction "positions the site to support next-generation advanced manufacturing, powered by exceptional infrastructure and utility access."
The broader infrastructure context strengthens the site's appeal. LS Power Grid California, an affiliate of Missouri-based LS Power, is developing major electricity infrastructure across the Bay Area, including a significant project running from the Newark Substation to Silicon Valley Power's Northern Receiving Station in Santa Clara. This planned terminal near the PG&E Newark Substation in Fremont underscores the region's growing capacity for power-intensive industrial operations.
The transaction was facilitated by Newmark commercial real estate executives Steven Golubchik (executive vice chairman), Edmund Najera, Darren Hollak, and Brendan Raney. Golubchik noted that "industrial development sites of this scale are extremely rare in the Bay Area, and even more so in Fremont," highlighting the competitive nature of Bay Area industrial real estate.
Fremont's broader economic development strategy focuses on creating warehouse, logistics, and advanced manufacturing districts designed to attract technology-oriented companies. The city's vision positions these zones as innovation hubs, with projections to achieve over 40,000 technology jobs by 2035, leveraging proximity to major employers including Tesla's manufacturing operations.
The property, located at 41777 Boyce Road, sits directly across from PG&E's Newark substation—a critical infrastructure asset despite its Santa Clara County name designation. This strategic positioning provides exceptional utility access and electrical capacity essential for advanced manufacturing operations. Fremont Economic Development Director Donovan Lazaro emphasized the site's potential, stating that the transaction "positions the site to support next-generation advanced manufacturing, powered by exceptional infrastructure and utility access."
The broader infrastructure context strengthens the site's appeal. LS Power Grid California, an affiliate of Missouri-based LS Power, is developing major electricity infrastructure across the Bay Area, including a significant project running from the Newark Substation to Silicon Valley Power's Northern Receiving Station in Santa Clara. This planned terminal near the PG&E Newark Substation in Fremont underscores the region's growing capacity for power-intensive industrial operations.
The transaction was facilitated by Newmark commercial real estate executives Steven Golubchik (executive vice chairman), Edmund Najera, Darren Hollak, and Brendan Raney. Golubchik noted that "industrial development sites of this scale are extremely rare in the Bay Area, and even more so in Fremont," highlighting the competitive nature of Bay Area industrial real estate.
Fremont's broader economic development strategy focuses on creating warehouse, logistics, and advanced manufacturing districts designed to attract technology-oriented companies. The city's vision positions these zones as innovation hubs, with projections to achieve over 40,000 technology jobs by 2035, leveraging proximity to major employers including Tesla's manufacturing operations.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.