The newly developed Fremont Technology Center is now fully leased after MiTAC Information Systems Corporation signed on to occupy the remaining 348,286 square feet of the 395,125 square-foot complex.
The industrial site, located at 40541–40445 Albrae Street and 40901 Encyclopedia Circle, includes three buildings with high clear heights and dock and grade-level loading. Managed by Ares Industrial Management, the project was developed on land that was rezoned from retail to industrial use, with construction completed in early 2025.
Fremont Mayor Raj Salwan praised the project as a milestone for the city.
“The rapid lease-up by leading companies in AI hardware and electric vehicle manufacturing affirms Fremont’s role as a premier hub for advanced industries in Silicon Valley,” he said in a press release statement. Salwan added that the city’s unanimous support for the rezoning reflects a long-term commitment to middle-income manufacturing jobs.
According to CBRE Research, modern industrial properties are in short supply across Silicon Valley, with nearly 70% of the region’s industrial space built before 2000. Fremont and Newark have the highest share of newer facilities, and in the first quarter of 2025, all industrial leases over 100,000 square feet took place in the two cities.
MiTAC, a global IT firm and subsidiary of MiTAC Holdings Corporation, brings more than 40 years of experience in computing, software and system integration.
