Sofia University Acquires Office Building In Palo Alto For $11M With Ian Halker As The Broker

The property asset involved in the transaction is an office building located at 1069 East Meadow Circle in Palo Alto. The sale price for the property was $11,000,000, encompassing a total space of 23,574 square feet, which translates to a price per square foot of $467.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $11,000,000
• Buyer: Carol Humphreys - Sofia University
• Seller: East Meadow Associates LLC
• Broker: Ian Halker - CBRE
• Square Footage: 23,574
• Price per Square Foot: $467
• Date of Sale: 12/01/2025
• Market: Palo Alto

Carol Humphreys represented Sofia University in the acquisition of its longtime office space, ensuring full ownership of the property. The seller, East Meadow Associates LLC, had maintained the building since 1979, and the transaction was facilitated by broker Ian Halker from CBRE, in alignment with pricing trends in the Peninsula submarket.