Prime Single Tenant
Prime ST - El Camino Real*
Palo Alto, CA
- 2017-vintage, mixed-use asset in Palo Alto, CA, anchored by a long-term office lease to JP Morgan
- Asset is well located, adjacent to both Stanford University and major office submarkets, and represents a rare opportunity to own a fee-simple office asset in the Palo Alto market
- Asset is expected to benefit from high-barrier-to-entry nature of the Palo Alto market, where benefits from significant supply barriers, including a development cap that limits office development
- *This investment was formerly referred to as “Prime ST - First Republic Center”.
(1) As of October 31, 2023.