Nicole Shanahan's Bia-Echo Foundation Acquires 29.2-Acre Maryknoll Residence In Los Altos For $43M

The 29.2-acre property located at 23000 Cristo Rey Drive in Los Altos, CA, was sold for $43 million. The asset is categorized as "Other" and previously served as the Maryknoll Residence campus, which was a former seminary and retirement complex featuring 57 rooms.

Summary of transation details:

• Property Type: Other
• Transaction Amount: $43,000,000
• Buyer: Nicole Shanahan - Bia-Echo Foundation
• Seller: The Catholic Foreign Mission Society of America
• Broker: Robert Landsness - Engel & Völkers
• Acquisition Entity: Saint Therese Holdings
• Market: Los Altos, CA
• Asset Size: 29.2 acres

This transaction was facilitated by Robert Landsness from Engel & Völkers representing the seller, the Catholic Foreign Mission Society of America. The acquisition reflects a trend in Silicon Valley where religious and institutional campuses are being repurposed for new uses.