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385 Sherman 385 Sherman features column-free floor plates to accommodate an open and flexible design.

PALO ALTO, CA—385 Sherman is comprised of 63,618 square feet of office space that is fully leased to Visa, a credit tenant with annual revenues in excess of $30 billion, and four fully leased multifamily units. Newer office buildings delivered after 2010 only comprise 7% of the overall Palo Alto office inventory, strategically positioning 385 Sherman for long-term demand and increased future value.

American Realty Advisors recently acquired the 67,974-square-foot newly constructed mixed-use pending LEED-certified building for $138 million, according to insiders close to the transaction. The seller was a joint venture between The Minkoff Group and a fund managed by JPMorgan Asset Management.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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