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发帖数: 2651 | 1 Source:
http://www.paloaltoonline.com/news/show_story.php?id=20851
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Four-story office building at 100 Hamilton Avenue reportedly sells for $64
million
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A downtown Palo Alto office building has sold for a record-breaking $900 a
square foot, the San Francisco Business Times reported.
The four-story, 72,000-square-foot building at 100 Hamilton Ave. was sold
for $64 million by Embarcadero Capital Partners of Belmont to RREEF, the
Deutsche Bank real estate investment management business, on behalf of an
undisclosed institutional client, the paper said.
"This is a phenomenally high-value transaction," possibly among some of the
highest per square foot in the United States, said Tommy Ferenbach, economic
development manager for the City of Palo Alto. The city will receive $3.30
per thousand dollars of the transaction in the form of a transfer tax.
Current tenants of 100 Hamilton include Bon Appetit Management and Palantir
Technologies.
The building faces Alma Street, with office balconies overlooking the
Caltrain tracks. It features two glass-ceilinged atriums, underground
parking for 107 cars and a fitness center with adjoining locker room.
"The downtown Palo Alto location provides a high image and visibility along
with great access to local dining and shopping," the seller said in a
description of 100 Hamilton.
"Palo Alto is also known for its prestigious business environment and the
building is in walking distance of the Caltrain." |
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