Publications

Transactions - MARCH 13, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Stanford Research Park buildings sell for $330m

by Andrea Waitrovich

Morgan Stanley has acquired the Tibco Software headquarters in Palo Alto, Calif., for $330 million, or $1,130 per square foot, from Vista Equity Partners, which bought Tibco in 2014. Cushman & Wakefield represented the seller.

The 292,000-square-foot, four-building complex, which is located in the Stanford Research Park, was built in 1951 and was renovated in 2002. Tibco acquired the property in 2003 for $80 million.

According to Real Capital Analytics, San Francisco–area corporate owners acquired more than $2.3 billion of property for a net investment of $870 million in 2014. Google has been an active buyer of office properties in the Palo Alto/Mountain View submarket of Silicon Valley. The firm has purchased nine properties, totaling $546.1 million, in the past 24 months.

Thus far this quarter, 10 office properties have sold in the Palo Alto/Mountain View area for a total of $1.3 billion. The number one buyer of office properties in the su

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?