Newmark Group Inc. has successfully facilitated the sale of a high-power industrial facility located at 401 Whitney Place in Fremont, California, for $27.1 million. The 72,776-square-foot building was acquired by Hines at approximately $372 per square foot. Represented by Newmark's Executive Vice Chairman Steven Golubchik and team, the property is fully leased to Bloom Energy, a leader in AI data center power solutions. Situated in a prime Bay Area industrial submarket, the facility features extensive infrastructure ideal for industrial use. The transaction highlights the strong investor interest in properties with robust power and infrastructure capabilities.
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