PALO ALTO, CA-Embarcadero Capital Partners has named Jones Lang LaSalle to market the 71,827-square-foot class A 100 Hamilton Ave. building in Downtown Palo Alto. The four-story building is 100% leased to three institutional-quality tenants with an average remaining lease term of six years.

JLL managing director Michel Seifer and senior vice president Rob Hielscher are leading the marketing team for the building, which JLL describes as "one of the most prominent and desirable office addresses in Downtown Palo Alto." The building "has a storied history as the location where both the ubiquitous Java platform and AltaVista―the first modern Internet search engine--were developed," JLL says.

Seifer notes that asking rents of $5 per square foot per month, triple-net, rank Downtown Palo Alto as "one of the strongest and most desirable office markets in the entire country." The office building is situated at the intersection of Alma Street and Hamilton Avenue, two of the main thoroughfares in Downtown Palo Alto, directly across the street from the Palo Alto Caltrain station and less than a mile from Stanford University.

In addition to its 71,827 rentable square feet, 100 Hamilton features two levels of secure underground parking with 107 stalls. Current ownership has invested approximately $1.6 million in capital improvements since acquiring the property in 2005. Amenities include a workout facility, state-of-the-art security system and 14 exterior balconies off the tenant spaces on the second, third and fourth floors.