Palo Alto Technology Center is a large office/R&D business
park comprised of 10 buildings and 259,586 square feet of rentable space. The
property includes a café, Caltrain and Marguerite shuttles, an outdoor patio
with water features, and allows for easy access to Highway 101. Tenants are
also able to enjoy nearby trails for walking, running or biking around Palo
Alto Technology Center.
The property is on the same street as the Palo Alto Airport
and the newly renovated Palo Alto Municipal Golf Course, which has recently
been renamed Baylands Golf Links. Palo Alto Technology Center is also
conveniently situated just minutes from downtown Palo Alto and Stanford
University, offering favorable access to restaurants, shops and Stanford
Hospital & Clinics.
“Within close proximity to financial infrastructure, Palo
Alto Technology Center provides an ideal home to companies like Accellion,
Inc.,” said Brent Carroll, senior vice president for KBS and asset manager for
the property. “We are excited to continue our relationship with a company of
their caliber and hope to attract other world-class organizations to the
property.”
Newmark Cornish & Carey represented KBS in the
transaction.