PALO ALTO, CA – Drawbridge Realty, a San Francisco based real estate investment company, announced today the disposition of 2500 Faber Place in Palo Alto, CA for $18.7 million to a local real estate investor. The 32,820 sq. ft. two-story life science building is located just off Highway 101 in Palo Alto and is 100% leased to Centrillion Technologies. The property, originally built in 1982, was recently renovated and features highly functional laboratory space, including clean rooms, chemistry and biology labs, and significant power desired by biotechnology users.
Scott Prosser, Joe Moriarty, Seth McKinnon and Jack DePuy of CBRE represented Drawbridge on this transaction.
About Drawbridge Realty
Drawbridge is a real estate investment company headquartered in San Francisco engaged in the acquisition, development, and management of commercial properties nationwide. Drawbridge owns and manages a portfolio of properties leased to large corporate tenants with an emphasis on strategic operating facilities. Drawbridge has a long history of successfully creating value for corporations and investors including Broadcom, IBM, Google, Johnson & Johnson, L-3 Communications, Lockheed Martin, Medtronic, Monsanto, National Instruments, Northrop Grumman, and Unisys. The current Drawbridge portfolio is comprised of over 3.4 million square feet and its properties are primarily located in growth markets across the United States.