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.