In Palo Alto, EOP acquired the four-building complex and a 51-year ground leasehold interest. The 97,133-sf office complex is next EOP's Palo Alto Square building in Stanford Research Park. It is 100% leased."These assets complement our existing local portfolios and enable us to leverage our operating platform to deliver a higher quality of customer service," Kincaid adds.
On the disposition side, EOP sold Norris Tech center in the Oakland/East Bay submarket in California for $44.7 million.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
