Beam Reach Acquires Development Site At 155 Jefferson Drive Menlo Park For $11 Million

155 Jefferson Drive is a development site located in Menlo Park’s tech corridor. The asset was acquired for $11,000,000. The property is classified as a flex R&D building.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,000,000
• Address: 155 Jefferson Drive
• Market: Menlo Park
• Buyer: John Lewis, Sam Rabb, Brandon Pevnick, Alec Nelson & Tom Holt
• Buyer’s Company: Beam Reach

Beam Reach, a Dallas-based developer, intends to carry out a multifamily redevelopment of the site following the acquisition of 155 Jefferson Drive.