A major Taiwanese electronics player is taking over a big slice of Newark’s industrial landscape, locking in all 143,086 square feet at 7411 Central Avenue. The lease follows a roughly $34 million acquisition of the property by a Palisade Group and Pearlmark joint venture that has pledged to overhaul the building’s power and building systems. The new owners are targeting heavy-power, advanced-manufacturing tenants that want immediate access to the 880 and Dumbarton Bridge corridor.
According to CoStar, Quanta Manufacturing Fremont, the U.S. manufacturing arm of Taiwan-based Quanta Computer, has signed on to occupy the entire facility. CoStar reports that Quanta is expected to move in once ownership completes its planned building upgrades.
Palisade Group and Pearlmark closed on 7411 Central Avenue in late 2025 for approximately $34 million and outlined what they called a full building modernization, including a beefed-up power backbone, new office buildout and upgraded employee amenities. Those plans appear in the ownership’s project announcement and related release posted by Pearlmark.
What the Building Offers
Marketing materials and public listings show the 143,086-square-foot property was built in 1997 and sits on roughly eight acres. The facility features a rear-loading layout, an above-market number of dock-high doors and 24-foot clear heights. It is marketed with a heavy-power setup of 4,000 amps, 277/480v, 3-phase service, along with near-instant access to Interstate 880 and the Dumbarton Bridge. Those details, outlined in the broker's brochure and listings on CityFeet, help explain why it is being pitched to electronics and equipment manufacturers.
Why the 880 Corridor Matters
Industrial brokers and market reports have been warning that heavily powered, infill industrial space is getting hard to find across Silicon Valley, and the 880 corridor has become the go-to fallback for users who cannot wait for new construction. Cushman & Wakefield’s MarketBeat report for the fourth quarter of 2025 shows further tightening in the region’s industrial availability, while recent local brokerage research points to growing interest from advanced-manufacturing tenants chasing powered infill buildings.
On this deal, representatives from JLL, including Jason Ovadia, David Sesi and Jason Cranston, and from Colliers, including Ed Hofer and Casey Ricksen, were listed as advisors, according to the ownership announcement. Palisade Group and Pearlmark have indicated that targeted capital improvements and tenant buildout are next on the agenda ahead of full occupancy.
For Newark and the broader East Bay, Quanta’s move highlights how scarce heavy-power industrial stock has become for companies tied into the region’s technology supply chain. Quanta has been adding to its footprint in the Fremont and Newark area in recent years, a trend that local real estate coverage has tracked as manufacturers consolidate and re-shore capacity within the Bay Area.
