Norges Bank and DivcoWest Make $222MM Office Property Acquisition in Menlo Park

In a strategic move to expand its presence in the U.S. office market, Norges Bank Investment Management (NBIM) has acquired a 97.7 percent interest in a premium office property in Menlo Park. The acquisition, valued at $222 million ($1,664 per square foot), was completed in partnership with DivcoWest, which purchased the remaining 2.3 percent stake. […]