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MENLO PARK, CALIF. – An unnamed buyer has acquired a 41,933-square-foot office property in Menlo Park for $50 million. The Class A property is located at 200 Middlefield Road, near downtown Palo Alto’s retail core and the Palo Alto and Menlo Park Caltrain stations.
The property was originally built in 1967. It underwent a full rebuild in 2012. The building is now fully leased to private equity and technology firms like Summit Partners, Optum Soft, Blackstone and Rubicon.
The seller, Menlo Equities, was represented by HFF’s Steven Golubchik, Michael Leggett and John Simerlein, who worked in conjunction with Kevin Cunningham of Cornish and Carey.