Menlo Equities, represented by Rick Holmstrom, has acquired an office property located at 888-894 Ross Drive in Silicon Valley. The property, measuring approximately 140,000 square feet, was sold by Miramar Capital and Garrison Investment Group. The sale price for this transaction was $88,500,000, resulting in a price per square foot of $634.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $88,500,000
• Address: 888-894 Ross Drive
• Market: Silicon Valley
• Buyer: Menlo Equities - Rick Holmstrom
• Seller: Miramar Capital & Garrison Investment Group
• Square Footage: 140,000
• Price Per Square Foot: $634

This transaction showcases Menlo Equities' strategic investment in the Silicon Valley office market. The acquisition was facilitated by Rick Holmstrom, representing Menlo Equities. Both the buyer and seller, Miramar Capital and Garrison Investment Group respectively, were involved in this significant deal.