GlobeSt.com reported
In Palo Alto, EOP acquired the four-building complex and a 51-year ground leasehold interest. The 97,133-sf office complex is next EOP's Palo Alto Square building in Stanford Research Park. It is 100% leased."These assets complement our existing local portfolios and enable us to leverage our operating platform to deliver a higher quality of customer service," Kincaid adds.
On the disposition side, EOP sold Norris Tech center in the Oakland/East Bay submarket in California for $44.7 million.
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