The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 17, 2019
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Longfellow Real Estate Partners Completes $200 Mil Silicon Valley Acquisition

7/30/19

Longfellow Real Estate Partners closed on its fifth west coast buy since late 2018, paying $205 mil for Palo Alto Technology Center (PATC), a 10-building, 259.6k sf ($790/sf) life science campus in Palo Alto.

The property is located at 1800-1850 Embarcadero Rd and 2445-2465 Faber Place, just three miles from Stanford University and a short distance from the Stanford Research Park. It is nearly adjacent to Interstate 101 and easily accessible for commuters approaching from the North, South and East Bay via the Dumbarton Bridge (Route 84). PATC is an eight-minute drive from the Palo Alto Caltrain stop (shuttle service offered on site).

The campus was sold by KBS, who originally purchased the property in 2012 on behalf of a sovereign wealth fund. The property is about 99% leased. Tenants include Stanford, Bill.com, Aurora Innovation and Eversight.

Palo Alto city officials recently announced that they are poised to make the 2015 cap on new office developments in the University Avenue, California Avenue and El Camino Corridors permanent. The cap limits annual office deliveries to 50k sf per year, which, if made permanent, would guarantee almost no new competitive products to the Palo Alto Technology Center in the coming years.





Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media