Facebook Leases 750,000 SQFT in Fremont

Mountain View, Bohannon Development, Sunnyvale, Jay Paul, WeWork, Alameda, Contra Costa, Facebook, East Bay, Redwood City, Menlo Park, East Palo Alto, Palo Alto, Newark, SamTrans Dumbarton Corridor Study, Sobrato Organization, Peery Arrillaga, Fremont, San Francisco, Park Tower

By Vladimir Bosanac

The social media giant has taken the title of King of San Francisco last month when it leased the entire 750,000 square feet at Park Tower in San Francisco. Now, the company is taking another 750,000 square feet in Fremont in a complex owned by Peery Arrillaga. The developer owns 10 buildings, according to public records, in the block between Dumbarton Circle and Kaiser Drive. This location is in proximity to the two buildings that total 190,000 square feet, which the company leased in December of 2017 from the Sobrato Organization located at 6530 Paseo Padre Parkway and 6422 Commerce Drive.

The San Francisco Business Times was the first to report this transaction.

“Our workforce has grown in the East Bay,” said Facebook’s John Tenanes, vice president of global facilities and real estate, in the report. “We were lucky that [these properties] were convenient and available and provide the kind of a campus environment we like.”

The company will be moving employees to this location, which is just across the Bay via Dumbarton Bridge over the next few months. It will be working with Studios Architecture on the build out.

The expansion into Fremont is not unusual for the company. Anecdotally, it is known that the company has been using the hotels in Newark extensively for its employees visiting from other locations. The proximity to housing in Fremont is also going to be attractive as the city looks to create a viable downtown and add thousands of housing units, including a new school, which broke ground in October.

In September of 2017, The Registry covered a SamTrans Dumbarton Corridor Study, which had recently been completed. The study, which is examining alternatives for the Dumbarton Bridge in conjunction with the aging rail bridge, was reactivated in early 2016 after Facebook agreed to cover the study’s $1.2 million cost.

The Dumbarton corridor connects the cities of Newark, Fremont and Union City in the East Bay, and Redwood City, Menlo Park, East Palo Alto and Palo Alto on the Peninsula. All of those cities are participating in the study, and have in one way or another been impacted by growing companies like Facebook.

Others involved in the Dumbarton study include the Alameda County Transportation Commission, the Alameda-Contra Costa Transit District—the public transportation authority for western Alameda and Contra Costa counties—and social networking giant Facebook, which employs thousands of workers throughout the region at its headquarters in Menlo Park and elsewhere.

Just this year Facebook has leased 750,000 square feet in San Francisco’s Park Tower, over 200,000 square feet in Mountain View where WeWork is subleasing two buildings from LinkedIn, nearly a million square feet at Jay Paul’s Moffett Towers II project in Sunnyvale and 100,000 square feet from Bohannon Development in Menlo Park.

West Coast Commercial Real Estate News