DivcoWest Acquires Sand Hill Assets for $610M

DivcoWest has expanded its Sand Hill Road portfolio in Silicon Valley with the acquisition of two office campuses located at 2700-2770 and 3000 Sand Hill Rd. in Menlo Park. Market reports value the transaction at $610 million.

When combined with DivcoWest’s nearby Quadrus Campus, the company’s ownership now encompasses 44% of the Sand Hill submarket in 21 buildings on nearly 50 acres.

Eastdil Secured represented the seller, Ford Land Co., and procured transaction financing. Located approximately one mile from Stanford University’s campus, DivcoWest’s portfolio on Sand Hill is populated by Silicon Valley’s leading venture capital firms and related companies.

“Properties on Sand Hill Road are highly coveted and rarely trade. We were fortunate to be able to acquire Quadrus in 2011 and the addition of these landmark campuses provides us with significant scale in one of the most attractive innovation-centric submarkets in the world,” said Sam Hamilton, co-head of acquisitions at DivcoWest.

For comments, questions or concerns, please contact Chris Egger