RK Logistics has pre-leased 209,000 square feet of warehouse space at the Fremont Elm Business Center in Fremont, Silicon Valley. The lease, valued at an asking rent of $35.74 per square foot, marks the second largest lease transaction in Silicon Valley's second quarter. The Fremont Elm Business Center is located in an industrial hub that houses notable companies like Tesla. The completion date for the center is set for later this year.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $35.74/ft.
• Square Footage: 209,000
• Address: 47020 Kato Road, Fremont
• Market: Fremont

The landlord of the property, Luke Petherbridge, represented Link Logistics in the lease deal. On the other hand, Joe MacLean acted as RK Logistics' representative. The lease agreement between RK Logistics and Link Logistics represents a significant transaction in Silicon Valley's industrial real estate market.