Fremont Business Park

Class A Office Space in Fremont, California

April Newsletter

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Fremont Business Park – April Newsletter

Welcome to the April 2011 Fremont Business Park newsletter! We’ve been busy all winter and there continues to be lots going on. Here are some of the headlines. We hope you enjoy!

Fremont’s Economic Talk Proves City is One of the Bay Area’s Strongest Markets – At the recent City of Fremont Economic Forecast 2011, experts took an in-depth look at the city’s economic environment. What they found was remarkable. Read the story.

TEAM Christy a Prime Benefit for Primerica – TEAM Christy is a business-acceleration and leadership development group that’s available at no additional charge to all Christy Street tenants. Read the story.

Christy Street Welcomes Five New Tenants – Also Sees Three Renew and One Expand – The attraction for most businesses seems to be Christy Street’s like-new space, convenient Fremont location and added amenities. Read the story.

Christy Street Tenants Praise Building’s Lightning-Fast Fiber Optic Internet Service – Judging by the comments from among the first businesses to sign up, the Christy Street offerings are like catching lightning in a bottle. Read the story.

For more information on Fremont Business Park, e-mail Lee Jatta, or call (408) 520-2437. DRE License #01828564

Fremont – One of the Bay Area’s Strongest Markets

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Fremont’s Economic Talk Proves City is One of the Bay Area’s Strongest Markets
At the recent City of Fremont Economic Forecast 2011, Brad Kemp, director of regional research for Beacon Economics, took an in-depth look at the city’s economic environment. Based on the following highlights from his talk, what Kemp found was remarkable – considering the state of the economy throughout much of California and, in fact, the nation over the past few years.

Highly Diverse Economy
Fremont is a city that has been blessed with an economic base that’s not one-dimensional. Retail? The city has 12 major shopping centers that account for 80% of sales and 70% of the retail square footage in Fremont – with more than one million square feet at the Pacific Commons shopping center, right down the street from Fremont Business Park.

Vacancy Rates Declining Quickly
Over the past 20 years, vacant industrial land in Fremont has declined by more than two-thirds. Two decades ago, Fremont had over 2,000 acres of land available for industrial development. Today, that figure is closer to 600 acres.

While built-out R&D vacancy rates are still above 20%, all other vacancy rates for space are below 15%, with just 14% of the nearly 2.4 million sq. ft. of office space currently vacant. Not surprisingly, office rents are trending up after a period of hovering near recent lows. The City of Fremont can point to several key wins over the past year – headlined by Tesla Motors agreeing to operate the former NUMMI plant.

Fremont has also worked hard to successfully position itself for clean and green technology investment. In 2008 and 2009, the East Bay received approximately 6% of the venture capital investment nationwide. Amazingly, Fremont enjoyed one-third of that investment in 2008, and swallowed half of the venture capital investment in 2009. Beyond Tesla, other big technology names in the news in Fremont include Solyndra, Western Digital, Solaria, and Greenvolts.

Stimulating the Local Economy
The City of Fremont continues to invest in its own future by providing incentives designed to attract new business. These incentives have included:

  • Reduction of development impact fees
  • Tax exemptions for clean technology firms
  • Local business purchasing preference
  • ARRA Recovery Zone facility bond allocation of $6.8 million awarded to Dale Hardware expansion

2011 Forecast
Looking ahead to 2011, the City of Fremont is focused in several key areas:

  • Reusing and revitalizing the South Fremont/Warm Springs neighborhood, in cooperation with Union Pacific Railroad
  • Continuing to recruit businesses not only in clean technology but also in life sciences such as bio-medical technology
  • Working to attract retailers and businesses missing from Fremont
  • Expanding outreach efforts for small businesses

With office spaces as small as 357 sq. ft., Fremont Business Park at Christy Street is ideally suited for even the smallest businesses – with spaces up to 5,800 sq. ft. targeted to larger, more established companies or rapidly expanding enterprises.

For more information on what’s happening in Fremont, you’re encouraged to visit the City of Fremont Business News page. If you own and operate a small to medium-sized business of any type, and would like to tour some of the nicest office space in Fremont just a block away from the convenient Pacific Commons shopping center, e-mail Lee Jatta, or call (408) 520-2437. DRE License #01828564

TEAM Christy a Prime Benefit for Primerica

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TEAM Christy a Prime Benefit for Primerica
Primerica is a financial services company that strives to help families become properly protected, debt-free and financially independent. The company sells a variety of financial products including variable annuities and term-life insurance, long-term care insurance, mutual funds, and pre-paid legal plans.

Eve Meyer has been with Primerica for almost 18 years, and is currently a Regional Vice President. Nearly nine years ago, she moved her offices to Fremont Business Park at Christy Street – a building managed and marketed by Borelli Investment Company – and through good and bad economic times, she’s been here ever since.

“I’ve had chances to leave over the years,” said Meyer. “But the location is just outstanding – with easy commutes and easy access to dining, shopping and services. The recent building renovation has created a beautiful, modern building. And I’ve really appreciated building management. Every individual has been among the most wonderful and helpful people I’ve ever met.”

Flexibility to Address Changing Needs
Borelli Investment Company has responded to Eve’s changing space needs over the years, as business conditions have warranted.

“The building owners have always been very accommodating,” stated Meyer. “When we’ve needed more space, they’ve found that. And when we needed to downsize a bit, they’ve helped us do that.”

TEAM Christy Is Latest Benefit for Primerica
TEAM Christy is a business-acceleration and leadership development group that’s available at no additional charge to all Christy Street tenants. The group’s monthly meetings are led by Sterling Lanier, a certified chairman with Vistage International, the world’s leading organization for CEOs and business owners. Meyer sees this as another key benefit of being a tenant at Fremont Business Park.

“The more like-minded people you can get-together, the more vision it brings to the table,” Meyer explained. “That expression, ‘You don’t know what you don’t know’ is so true. When you’re running a business, it’s especially beneficial to be part of a group of people facilitated by someone like Sterling with such vast experience – he really knows how to get the best out of each of us.”

Highly Valuable for Small to Medium-Sized Business Owners
Meyer has strong opinions about why she thinks Vistage can benefit companies like those locating in Fremont Business Park at Christy Street.

“As a CEO or business owner, when you’re accountable only to yourself, it’s easy to let yourself off the hook,” she said. “One of the things we’ve done in TEAM Christy’s trusted, confidential environment is to commit to the other participants what our business goals are, and then work hard to achieve those.

“We also get to re-evaluate our leadership techniques and re-examine our vision for the future,” added Meyer. “With other participants coming from different points of view, it opens your mind to new perspectives and additional possibilities.”

As to the fact that the monthly TEAM Christy sessions are provided at no charge to building tenants, Meyer remarks, “I’m just so grateful to building management for putting on something like TEAM Christy at no cost. I think it’s amazing! It’s much appreciated and very generous, and is another example of why I’ve kept my Primerica office at Fremont Business Park for all these years.”

If you’d like to know more about Primerica and its services, visit them on the web. Or you can e-mail Eve Meyer.

The next TEAM Christy meeting will be held:

Thursday, March 10th: 11:00 a.m. – 1:00 p.m.
(Check-in at 10:45)
TEAM Christy Luncheon and Meeting
Owners/CEOs Invited
RSVP to Lee Jatta

For more information about the available space at Christy Street, e-mail Lee Jatta, or call (408) 453-4700 x140. DRE License #01828564

Be sure to view or download a pdf copy of our always-updated inventory.

Primerica disclaimer: An independent representative of Primerica Financial Services Insurance Marketing Inc. Insurance License #0B23236 Representing Primerica Life Insurance Company Executive Offices Duluth, GA A Registered Representative of PFS Investments Inc. Member FINRA Representing Primerica Financial Services Home Mortgages, Inc., NMLS#3073 Loans Arranged Pursuant to a Department of Corporations California Finance Lenders License. License #605-4290 / NMLS #258720 Equal Housing Opportunity