Blox Ventures, Angelo Gordon JV sells Palo Alto asset

Blox Ventures, a Silicon Valley–based investor and real estate operator, and global alternative investment firm Angelo Gordon announced the sale of 2100 El Camino, College Terrace’s First Republic Center in Palo Alto, Calif. The terms of the transaction and the buyer were not disclosed.

The property is anchored by First Republic’s regional office hub and most recently added Real Produce International Market, a specialty grocer, to its 11,000-square-foot retail space. The partnership worked to ensure long-term leases with its tenancy for the future success of the property and the businesses.

Blox Ventures and Angelo Gordon acquired the property in July 2018 after construction was completed in 2017. Following the property acquisition, the partnership completed the lease-up, including the regional hub for First Republic in Silicon Valley, whose offices — located above the retail space — occupy 76 percent of the building. The partnership also leased the proper