Presidio Bay Acquires Retail Property On Charleston Road In Palo Alto For $71.8M

The retail property located at 2400-2470 Charleston Road in Palo Alto has been sold in a transaction worth $71,800,000. The property spans an area of 10.9 acres and offers 132,590 square feet of space. The sale price per square foot stands at $541. The transaction took place on March 31, 2022. The buyer of the property is Presidio Bay, while Nuveen Real Estate acted as the seller.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $71,800,000
• Address: 2400-2470 Charleston Road, Palo Alto
• Market: Palo Alto
• Acres: 10.9

Represented by Will Connors, Daniel Renz, and Michael Manas from JLL, the deal was facilitated by Presidio Bay as the buyer's representative and Nuveen Real Estate as the seller. These individuals played a crucial role in the transaction and ensured its successful completion.