Ellis Partners Acquires Menlo Park Office Building For $62.6M

San Francisco real estate firm Ellis Partners has purchased a Menlo Park office building located at 200 Middlefield Road for over $62 million. The transaction was facilitated by brokers Clayton Jones, Christian Prelle, and Kevin Cunningham from Newmark. The sale was completed on June 9, 2023, in the Menlo Park market. The office building spans a total of 43,082 square feet, with a price per square foot of $1,453.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $62,600,000
• Address: 200 Middlefield Road, Menlo Park
• Market: Menlo Park
• Brokers: Clayton Jones, Christian Prelle, and Kevin Cunningham - Newmark

Ellis Partners, represented by Jason Morehouse, acquired the Menlo Park office building from TIAA-CREF. The purchase was driven by the attractive features of the property, as well as the favorable market conditions in the area.