Hines and Oaktree Capital Management have secured a construction loan to build a manufacturing and logistics facility on a property in Fremont that Hines purchased in 2021.
The partners are planning a 267K SF campus at 49000-49090 Milmont Drive. Three tech buildings dating back to the 1980s will be demolished to make room for the industrial campus, according to a report in the San Francisco Business Times.
CBRE arranged the loan and will handle leasing for the new Class A advanced manufacturing and distribution center, which will be known as Milmont Industrial.
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