IRVINE, CA—CapRock Partners, a private OrangeCounty investment firm, has completed the sale of its MenloPark Tech Center project, and its properties in theMelrose Industrial Park project inPlacentia.

The Menlo Park Tech Center property is located near theFacebook campus at 3565 HavenAvenue in Menlo Park. CapRock Partners acquired the assetin 2013 and leveraged its in-house development expertise torenovate the building's interior and exterior. The team alsosubdivided the space in anticipation of market demand fromventure-funded start-ups, and added individual utilities to eachunit. The changes quickly attracted tenants including ClickDiagnostics, FinSix Corporation, and Transcriptic Inc.,and the building was 100% leased within just six months at ratesexceeding those originally projected.

“The swift lease-up and successful disposition of CapRock'sHaven project is a testament to the continued strength of the MenloPark/Silicon Valley market - and to our team's ability toanticipate the market, add value, and deliver product that isquickly absorbed,” said Pat Daniels, CapRockPartners co-founder and chief operating officer. “The Valley isexperiencing an increasing and serious shortage of flex/R&Dspace in the 5,000 - 10,000 square foot range for both incubationand second-stage companies. CapRock will continue to uncover andseize opportunities to service this sector of the market.”