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

→ Continue reading at Silicon Valley

More from author

Related posts


Latest posts

Watch Kellyanne Conway's contentious appearance on 'The View' – CNN Video

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes....

Letters: High-speed rail | SJSU president | Recycled water | Honest assessment

Submit your letter to the editor via this form. Read more Letters to the Editor. Will high-speed railrepeat VTA’s mistakes? California’s high-speed rail project...

California drought: Water wasters could face fines of up to $10,000 in Santa Clara County under new rules

As California’s drought continues into its third summer, San Luis Reservoir, one of the state’s largest, was 46% full on...