Marcus & Millichap Facilitates $15.3M Sale of 18,555 SF Shopping Center in Palo Alto

by Nellie Day

PALO ALTO, CALIF. — Marcus & Millichap has arranged the sale of a 18,555-square-foot neighborhood shopping center located at 2615-2699 Middlefield Road in Palo Alto’s Midtown district.

A private family ownership group sold the property to a local investor for $15.3 million, or $822 per square foot.

Kirk Trammell, David Cutler and Joshua Johnson of Marcus & Millichap represented the seller in the transaction.

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