Arc Capital Partners Acquires Industrial Property From Nuveen In Fremont For $25.25M

The industrial property located at 40737 Encyclopedia Circle in Fremont, Calif., was sold in a transaction involving Neville Rhone & Quincy Allen of Arc Capital Partners as the buyers and Jose Minaya of Nuveen as the seller. The property spans 81,485 square feet and was sold for $25.25 million, translating to a price per square foot of $309.87. The brokerage for this deal was handled by Kidder Mathews.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $25,250,000
• Buyer: Neville Rhone & Quincy Allen - Arc Capital Partners
• Seller: Jose Minaya - Nuveen
• Broker: Kidder Mathews
• Address: 40737 Encyclopedia Circle
• Market: Fremont
• SF: 81,485
• PPSF: $310

Arc Capital Partners, headed by Neville Rhone & Quincy Allen, acquired the industrial property from Jose Minaya of Nuveen in Fremont. The transaction, with a value of $25.25 million, further solidifies Arc Capital Partners' investment portfolio. The expertise of Kidder Mathews in facilitating real estate deals was instrumental in the successful completion of this transaction.