INVESCO BUYS OFFICE/RETAIL BUILDING IN PALO ALTO

PALO ALTO, CALIF. — Invesco Real Estate has purchased a 23,605-square-foot, multi-tenant office/retail building at 490 California Ave. in Palo Alto for an undisclosed sum. The four-story building is composed of three floors of pure office space atop a mix of ground-floor office and retail space. The building was 100 percent leased at the time of sale. The lease expirations ranged from 2011 through 2021. The seller, 490 CA – TMI, LLC, was represented by Laurence Blickman, Sam Wright, Michael Courson and Jamie D’Alessandro with Cassidy Turley Palo Alto.