| Sand Hill Road in Menlo Park, Ca. is renowned for being one of the most prestigious office addresses in Silicon Valley. Now it’s also setting new records for office building sale prices.
An Asian sovereign wealth fund represented by Invesco Real Estate has purchased a 49% stake in Sand Hill Commons in a deal that values the 133,000 complex at $240 million, according to people familiar with the matter. The price for the property at 2882 and 2884 Sand Hill Road, roughly $1,800 a square foot, is one of the highest paid for Silicon Valley real estate, brokers say...............................................Full Article: Source
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