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Tesla Leases $132M Fremont Factory
Description
Clarion Partners just dropped $132 million on a brand-new 267K sq ft manufacturing plant in Fremont—already leased by Tesla for AI and robot projects. Originally bought for $47M in 2021 by Hines and Oaktree, the site was transformed into a high-spec industrial hub with top-tier logistics and parking. Priced at $495/sq ft, it’s a major bet on Fremont’s rise as Silicon Valley’s manufacturing epicenter—where 75% of advanced manufacturing leases landed last year. With Tesla expanding its footprint and other firms like Sterling converting retail into production spaces, this deal signals big money flowing into industrial real estate fueled by innovation.
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