Andreessen Horowitz (a16z) will benefit from new amenities and improvements implemented at SHC over the last 4 years.
Menlo Park, CA – [June 26, 2024] – Sand Hill Road is more than a roadway; it has been the epicenter of venture capital and innovation since visionary developer Tom Ford established it more than 50 years ago. The Sand Hill Collection (SHC), comprising 48 acres and three distinct campuses, is the pinnacle of workplace destinations on this legendary road, thanks to the long-term vision and investment capital of owner, DivcoWest.
Andreessen Horowitz, also known as a16z, leased 34,390 square feet of newly redeveloped space at 2400-2450 Sand Hill Road in The Quad, one of three campuses within the Sand Hill Collection, which also includes The Ranch and The Grove. The buildings are currently being tailored through tenant improvements, with plans to move in sometime in 2026.
“We are thrilled to welcome a16z. Their innovative approach to investing in the future makes them the perfect addition to SHC’s community of forward-thinkers and trailblazers,’ said Gregg Walker, President of DivcoWest Real Estate Asset Management (DREAM). “We believe that a16z will not only enrich SHC’s vibrant community but also reinforce the Sand Hill Collection as a hub for transformative ideas and dynamic partnerships.”
A Campus Within a Campus
The two newly constructed two-story buildings leased to a16z were designed to deliver a “campus within a campus” experience. The design seamlessly integrates indoor and outdoor spaces, connected by a spacious private courtyard and featuring lush outdoor patios. This setup offers a16z options for al fresco work, meetings, and events.
In addition, the interiors of the buildings have been thoughtfully redesigned to allow for customizable workspaces that are filled with natural light and offer flexibility with a variety of areas for collaboration.
SHC Member Benefits
As a newly minted member of the Sand Hill Collection, a16z will enjoy all the benefits SHC provides across 3 hospitality-driven campuses. This includes access to the Sand Hill Kitchen, a farm-to-table restaurant at The Quad and the recently opened Sand Hill Sundeck at The Ranch, a multi-faceted restaurant that features a full-service modern eatery, a gourmet delicatessen and market, and a large sun deck for happy hours and social gatherings. Members also enjoy access to 3 newly renovated fitness centers, complimentary personal training sessions, and a variety of classes including yoga and boot camp. The health and wellness amenities continue with numerous walking, biking and running trails meandering through the 48-acre community which also includes an outdoor basketball court.
“DivcoWest’s vision for the Sand Hill Collection goes beyond traditional office space. Inspired by hospitality-driven environments, our focus is on creating a workplace promoting well-being, innovation, and collaboration. This human-centric approach is evident in every facet of the offerings we provide from the array of on-site eateries and social spaces to the workspaces themselves. We continue to find new ways to expand on the amenities and services that cater to our members,” Walker says.
DivcoWest acquired the 26 buildings that now make up Sand Hill Collection in two transactions in 2011 and 2020. The Collection represents approximately 45% of the total office inventory on Sand Hill Road, a stretch of road that cuts through Menlo Park, Palo Alto and Woodside and is home to several leading firms in the global economy. SHC offers full building spaces suitable for headquarters locations as well as smaller suites suitable as satellite or executive offices.
a16z was represented by brokers Hugh Scott and Derek Johnson of JLL in negotiating their lease. Christian Prelle, Brad Van Linge, Sarah Bohannon, and Clayton Jones of Newmark represented DivcoWest.
About Sand Hill Collection
The Sand Hill Collection (SHC) is a new kind of workplace, providing approximately 573,000 square feet of world-class office space across three campuses on 48 beautifully landscaped, wooded acres in one of the most prestigious and influential submarkets of the innovation economy. SHC’s three distinct campuses – The Quad, The Grove, and The Ranch – offer unique indoor and outdoor workspaces, amenities and programming designed to maximize creativity, enhance productivity, and nurture health and wellness. Sand Hill Collection members have access to on-site full-service restaurants, fitness centers and conference facilities, EV supercharging stations and shaded walking trails. The location is within one mile of Stanford University in the heart of Silicon Valley with easy access to surrounding nature preserves as well as downtown San Francisco and San Jose. For more, visit www.sandhillcollection.com.
About DivcoWest
Founded in 1993 by Stuart Shiff, DivcoWest is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Los Angeles, Menlo Park, Washington DC, Austin, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 61 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. www.divcowest.com
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of March 31, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 7,600 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
