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Home Commercial Presidio Bay Ventures Selected to Acquire Former USGS Campus for $137MM, Expanding Menlo Park Footprint
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Presidio Bay Ventures Selected to Acquire Former USGS Campus for $137MM, Expanding Menlo Park Footprint

April 16, 20252 Mins read1.7k
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View towards Menlo Park and Dumbarton Bridge from Edgewood Park, San Francisco bay, California
Photo by Sundry Photography on iStock
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Presidio Bay Ventures won a competitive bidding process, acquiring a 17-acre property in Menlo Park for $137 million. The former U.S. Geological Survey campus sale, part of a federal efficiency initiative, aligns with local housing goals. The transaction awaits DOJ antitrust review, potentially paving the way for significant housing development.

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