Fremont tech park redevelopment at stalled Asian mall gets new owner — again

FREMONT — The site of a long-stalled Asian-themed retail mall where a tech park is now proposed has been bought by a big Colorado investment firm, the second time in weeks that the property has landed a new owner.

A 22.5-acre site near the corner of Albrae Street and Stevenson Boulevard in Fremont that’s a short distance from Interstate 880 has been bought by an affiliate headed up by Ares Management, a private equity firm with a range of real estate holdings.

Denver-based Ares Management’s affiliate paid $83.3 million for the property, documents filed May 12 with the Alameda County Recorder’s Office show.

The site is slated to be redeveloped

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