PALO ALTO, CA (October 8, 2018) – CBRE announced a new listing at 3380 Coyote Hill Road, a new two-story 85,420-square-foot, Class A office/R&D facility in Palo Alto, CA.
Damon Schor, Mina Mohamadi and Todd Husak are the leasing agents on the project and are anticipating occupancy by the Fall of 2020. The property is ideal for tech and life science tenants seeking a new headquarters location in one of Silicon Valley’s premier submarkets. The design integrates outdoor spaces on all sides of the building so that the tenants may truly enjoy and activate the site.
“This new state-of-the-art building will bring much needed R&D space to the constrained Palo Alto market,” said Todd Husak, Managing Director with CBRE. “With Stanford’s premier brand name, access to world class talent, and the property’s prime location, 3380 Coyote Hill is poised to become the next home for a dynamic company. The tradition of innovation will continue to grow with the new addition to the Stanford Research Park.”
3380 Coyote Hill is located within the Stanford Research Park, a world class research community that is home to pioneering companies like Jazz Pharmaceuticals, Tesla, Lyft, Argo.ai and StartX, along with powerhouse technology companies like VMWare, SAP, and Ford’s Greenfield Labs.
Stanford Research Park offers tenants a prestigious Palo Alto address, access to Stanford University’s cutting-edge research and world class intellectual resources, close proximity to venture capital firms and sustainable buildings with the scenic natural backdrop of Coyote Hill. The research park also offers convenient transportation options, including private buses, van pools, Caltrain shuttles and car pool services. More information can be found at https://srpgo.com and www.stanfordresearchpark.com.
R&D vacancy remains tight at 2 percent in the San Francisco Peninsula, according to CBRE’s Q2 Marketview report. This marks the thirteenth consecutive quarter where the vacancy rate was under 3 percent, and new product like 3380 Coyote Hill Road presents a rare opportunity.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.