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Alexandria Real Estate Equities Acquires Office Property From Stanford University In Palo Alto For $115M

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SOLD
$115,000,000

California

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Office100,000 SF
Sold 08/10/2020
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SOLD

Alexandria Real Estate Equities Acquires Office Property From Stanford University In Palo Alto For $115M

3181 Porter Dr, Palo Alto, CA 94304, USA

See Similar Deals
Office100,000 SF
Sold 08/10/2020
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$1,150
Total Square Footage:100,000 SF
Transaction Type:Sale

Alexandria Real Estate Equities has acquired an office property in Palo Alto from Stanford University for approximately $115,000,000. The property, located at 3181 Porter Dr, spans 100,000 square feet, resulting in a price per square foot of $1,150.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $115,000,000 (approx.)
  • Address: 3181 Porter Dr
  • Market: Palo Alto

Alexandria Real Estate Equities, represented by Joel Marcus, completed the transaction with Stanford University as the seller. Joel Marcus acted as the buyer's representative in this deal.

Players

Joel S Marcus
Alexandria Real Estate Equities Inc
Joel S Marcus
9 deals$834.3M volume
BUYER

Details

SOLD
IMAGE: IMAGE: Joel Marcus DATE: 08/10/2020 ADDRESS: 3181 Porter Dr MARKET: Palo Alto ASSET TYPE: Office BUYER: Alexandria Real Estate Equities – Joel Marcus SELLER: Stanford University PRICE: $115,000,000 (approx.) SF: 100,000 PPSF: $1,150

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