Stanford Proximity and Office Cap Equal Plum Position

Just three miles from Stanford, Palo Alto Technology Center’s 10 buildings total 259,586 square feet.

PALO ALTO, CA—Located just three miles from Stanford University and a short distance from the Stanford Research Park, Palo Alto Technology Center’s 10 buildings total 259,586 square feet. In 2012, KBS originally purchased Palo Alto Technology Center on behalf of a sovereign wealth fund. Fast forward to today where Longfellow Real Estate Partners recently acquired the tech center from KBS for $205 million.

“There is no question that Silicon Valley is one of the premier destinations for office tenants,” says Brent Carroll, senior vice president for KBS and asset manager of the property. “Additionally, the barriers-to-entry in this market are very strong on all fronts–physical, political and financial.”