|
|
10/01/25
|
Harvest Properties and TPG Real Estate have teamed up in the acquisition of The Campus at Stanford Research Park, a 1.1 msf office and R&D campus situated within Stanford Research Park in Palo Alto. Although the price was not given out, industry pros estimate that the deal closed for around $220 mil.
Photo: Digital Sky Photography |
 |
|
Located in the heart of Silicon Valley, the Campus is home to leading technology innovators including Google, Tesla’s engineering headquarters, Rivian and Broadcom, as well as life science pioneers Guardant Health, Varian and Ascendis Pharma. The property is within a five-minute drive of Interstate 280, offering connectivity to housing throughout greater Silicon Valley.
Stanford Research Park was founded in 1951 as a partnership between Stanford University and the City of Palo Alto to promote the commercialization of R&D by bridging the gap between academia and industry. Stanford Research Park encompasses 700 acres and includes 10 msf of office and lab space across 140 buildings, housing over 150 companies.
The Campus, one piece of the larger park, is comprised of 13 state-of-the-art buildings, ranging from 62k sf to 190k sf and offers multiple fitness centers and cafeterias, conference centers and exceptionally manicured landscaping.
Steven Golubchik, Edmund Najera, Darren Hollak and Brendan Raney with Newmark represented the seller, Broadcom, in partnership with Stanford University. Broadcom gained ownership of the campus as part of its acquisition of VMware, which owned the campus and was headquartered there. We’re told this is the largest property sale on a square-footage basis in Stanford Research Park history.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
