PALO ALTO, Calif. – February 23, 2023 – Cushman & Wakefield announced the firm’s Northern California Asset Services has been awarded a 14-building, 1.1-million-square-foot (msf) office portfolio in addition to a 7 msf NNN ground lease portfolio located in one of the world’s cutting-edge business parks — Stanford Research Park (SRP) in Palo Alto, CA.
Affiliated with Stanford University since 1951, the park is in the heart of Silicon Valley’s research & development activity and is comprised 700 acres of real estate perfect for innovation. Home to over 150 companies, including a thriving bioscience community located in its Life Science District, SRP is an innovation hub.
“Leveraging the depth of the Cushman & Wakefield platform — including Asset Services, Project & Development Services, Brokerage, and Sustainability — and aligning these services with every level of SRP’s leadership infrastructure was key to our firm’s winning this prestigious assignment. Several months of planning, mapping, quality control and intense transitioning ensured the client that the Cushman & Wakefield team was wholly committed to the success of the transition of this portfolio,” said Sandra Boyle, West Region Lead, Executive Managing Director with Cushman & Wakefield’s Asset Services.
“Cushman & Wakefield’s highly specialized expertise, collaboration and relationship management won this business. With its mission statement, “Stanford Research Park is a community of and for people who seek to invent the future,” SRP is a perfect partner for Cushman & Wakefield,” added Marsha Ramsey, Senior Managing Director with Cushman & Wakefield’s Northern California Asset Services.
Completing the Asset Services’ Northern California team led by Marsha Ramsey is Trude Hursh and Chris Narayan (TQC), Phil Blair (Controller), Jason Jacobson (PDS), Rachel Schiftan (ESS), and the firm’s on-site team led by Alissa Lee. Additionally, Cushman & Wakefield brokerage team members Ben Paul and David Hiebert provided continued support through their multi-asset listing relationship.