PALO ALTO, CA-Rockwood Capital has acquired 130 Lytton, one of downtown Palo Alto's largest office buildings, from KG-Lytton, LLC.

The purchase price was $53 million, or $1,060 per square foot. The 50,000 square foot property is 100% leased to A9, a subsidiary of Amazon, for use as its headquarters. The property is located across the street from Palo Alto's Caltrain Station, which features a “baby bullet” 35 minute express train to San Francisco. The four-story building has outdoor patios on all floors, a unique and appealing building amenity.

“One of the cornerstones of our investment strategy is investing in mixed-use environments that benefit from public transportation. We are confident in the long-term desirability of office space in downtown Palo Alto, with its dynamic retail core and urban atmosphere,” said Jason Oberman, VP at Rockwood Capital.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

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