Morgan Stanley just wrote a roughly $110.3 million check for a two-building tech campus in Fremont, according to public records, scooping up an approximately 291,100-square-foot complex at 44100 and 44200 Osgood Road from Western Digital Technologies to an affiliate of the Wall Street firm.
Documents recorded with the Alameda County recorder on Tuesday list the buyer as a Morgan Stanley real estate investment unit acting through an affiliate and show a payment of $110.3 million, according to The Mercury News. The filing marks another big institutional trade in the East Bay this winter.
Commercial property databases and past filings show the campus includes a roughly 197,900-square-foot building at 44100 Osgood and a smaller 93,200-square-foot structure at 44200 Osgood for a combined total near 291,100 square feet, according to property records and PropertyShark. Environmental facility records identify Western Digital as the operator at those addresses, per EPA facility records.
Why investors are circling Fremont
Institutional buyers have been hunting Bay Area industrial and advanced-manufacturing campuses, particularly properties that can host R&D, electronics production or AI infrastructure, and the Osgood sale fits that pattern. Recent East Bay transactions, including a Dec. 24 purchase of a Christy Street industrial hub for about $93 million, underscore steady appetite from large firms, according to The Real Deal and other local reporting.
What it means for Western Digital and the neighborhood
Western Digital Technologies had held the Osgood campus since 2019, when it paid roughly $117.1 million, according to title records, and the company is listed as a prior owner and operator of the buildings. PropertyShark shows the 2019 sale price and parcel history. The new owner could keep existing industrial tenants in place or pursue repositioning for advanced manufacturing or R&D uses, a common strategy among institutional buyers in the market.
The sale was logged in county records on Jan. 6, and the deed names a Morgan Stanley real estate investment unit as buyer, according to public filings and reporting by The Mercury News. The outlet did not find any public statements from Morgan Stanley or Western Digital about future plans for the site as of publication.
