Trammell Crow Company Acquires 5-Acre Development Site In Redwood City For $65M

The development site located at 200-240 Twin Dolphin Drive in Redwood City has been sold for a price of $65,000,000. The property spans across 5 acres and is a valuable asset in the market. The transaction took place on January 20, 2022, and the buyer of the property is Trammell Crow Company, represented by Adam Voelker. The seller in this deal is Sand Hill Property. The building square footage (BSF) of the site is 205,047 and the price per BSF (PPBSF) is $317.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $65,000,000
• Address: 200-240 Twin Dolphin Drive, Redwood City
• Market: Redwood City
• Acres: 5

Trammell Crow Company, represented by Adam Voelker, acted as the buyer in this transaction. They saw the potential in this development site and made the purchase. On the other hand, Sand Hill Property acted as the seller, parting ways with this valuable asset. The transaction represents a significant deal in the market, showcasing the demand for development opportunities in Redwood City.