PALO ALTO, CA-Embarcadero Capital Partners has named Jones LangLaSalle 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 averageremaining lease term of six years.


JLL managing director Michel Seifer and senior vice presidentRob Hielscher are leading the marketing team for the building,which JLL describes as "one of the most prominent and desirableoffice addresses in Downtown Palo Alto." The building "has astoried history as the location where both the ubiquitous Javaplatform and AltaVista―the first modern Internet searchengine--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 andmost desirable office markets in the entire country." The officebuilding is situated at the intersection of Alma Street andHamilton Avenue, two of the main thoroughfares in Downtown PaloAlto, directly across the street from the Palo Alto Caltrainstation and less than a mile from Stanford University.


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

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