MENLO PARK, CA—HFF has closed the $50.025 million sale of 200 Middlefield Road, a 41,933-square-foot, class A office property here.
HFF marketed the property on behalf of the seller, Menlo Equities. The purchase price equals $1,193 per square foot.
The property is located within walking distance to the downtown Palo Alto retail core and is less than one mile from the Palo Alto and Menlo Park Caltrain stations. Constructed in 1967, the property underwent a full rebuild in 2012. The two-story building is 100% leased to a diverse mix of private equity and technology firms including Summit Partners, Optum Soft, Blackstone and Rubicon.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
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.
