{"id":1004582464,"date":"2022-05-30T06:51:33","date_gmt":"2022-05-30T14:51:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004582464"},"modified":"2022-12-09T02:27:27","modified_gmt":"2022-12-09T10:27:27","slug":"bay-area-office-building-trades-for-39m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/","title":{"rendered":"Bay Area Office Building Trades for $39M"},"content":{"rendered":"<div id=\"attachment_1004582465\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004582465\" data-attachment-id=\"1004582465\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/capture-172\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\" data-orig-size=\"880,660\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"250 Cambridge\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;250 Cambridge. Image courtesy of Newmark&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png?w=880\" class=\"wp-image-1004582465 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png?w=300\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png 880w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004582465\" class=\"wp-caption-text\">250 Cambridge. Image courtesy of Newmark<\/p><\/div>\n<p><strong>Tarlton Properties Inc.<\/strong> has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million. The buyer was <strong>Wheatley Properties<\/strong>, according to CommercialEdge data. <strong>Newmark<\/strong> represented both parties and also\u00a0arranged the acquisition financing through a regional bank.<\/p>\n<p>The three-story building came online in 1987. Stellar Solutions, Cambridge Optometry and Yellowbrick Data are the current tenants, among others, CommercialEdge data shows. The new owner is planning renovations that are currently pending approval.<\/p>\n<p>Located at 250 Cambridge Ave. within Palo Alto\u2019s California Avenue corridor, the property is within 2 miles of Stanford Research Park, where tenants such as Guardant Health, Kodiak Bioscience, Tesla and SAP are located. The 292,000-square-foot office campus traded in January for $446 million, in <a href=\"https:\/\/www.commercialsearch.com\/news\/transaction-highlights-march-2022\/\">one of the largest deals<\/a> that closed in the first quarter of 2022.<\/p>\n<p>Newmark Executive Vice Chairman &amp; President Steven Golubchik, Senior Managing Directors Seth McKinnon and Jonathan Schaefler, alongside Director Darren Hollak, worked on the 250 Cambridge transaction. Vice Chairman Ramsey Daya and Senior Managing Director Chris Moritz secured the financing.<\/p>\n<p>According to CommercialEdge information, 250 Cambridge is one of only three office assets larger than 25,000 square feet that have changed hands in Palo Alto since the beginning of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newmark facilitated the transaction and arranged the acquisition financing. <\/p>\n","protected":false},"author":2703,"featured_media":1004582465,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21747,1609,15],"tags":[50999,36473,38621],"class_list":["post-1004582464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-newmark","tag-robert-wheatley-properties","tag-steven-golubchik"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bay Area Office Building Trades for $39M - CPE<\/title>\n<meta name=\"description\" content=\"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bay Area Office Building Trades for $39M\" \/>\n<meta property=\"og:description\" content=\"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T14:51:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:27:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Olivia Bunescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/\",\"name\":\"Bay Area Office Building Trades for $39M - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\",\"datePublished\":\"2022-05-30T14:51:33+00:00\",\"dateModified\":\"2022-12-09T10:27:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9\"},\"description\":\"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png\",\"width\":880,\"height\":660,\"caption\":\"250 Cambridge. Image courtesy of Newmark\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bay Area Office Building Trades for $39M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9\",\"name\":\"Olivia Bunescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72\",\"caption\":\"Olivia Bunescu\"},\"description\":\"Olivia Bunescu is a senior associate editor with Multi-Housing News and Commercial Property Executive and joined the team in 2022. With a B.A. in journalism and M.A. in Media Management, Olivia covers feature stories and interviews on student housing, SFR, coworking, office, design and marketing. She also hosts the Student Housing Unlocked and Step Into My Office podcast series. You can reach out to Olivia at olivia.bunescu@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/olivia-bunescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bay Area Office Building Trades for $39M - CPE","description":"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/","og_locale":"en_US","og_type":"article","og_title":"Bay Area Office Building Trades for $39M","og_description":"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-05-30T14:51:33+00:00","article_modified_time":"2022-12-09T10:27:27+00:00","og_image":[{"width":880,"height":660,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png","type":"image\/png"}],"author":"Olivia Bunescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/","url":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/","name":"Bay Area Office Building Trades for $39M - CPE","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png","datePublished":"2022-05-30T14:51:33+00:00","dateModified":"2022-12-09T10:27:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9"},"description":"Tarlton Properties Inc. has sold 250 Cambridge, a 34,558-square-foot office building in Palo Alto, Calif., for $39.3 million.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png","width":880,"height":660,"caption":"250 Cambridge. Image courtesy of Newmark"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/bay-area-office-building-trades-for-39m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Bay Area Office Building Trades for $39M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e669e9a17e844dd3b8eb8f41b5d890c9","name":"Olivia Bunescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/04\/Olivia-author-bio.jpg?w=72","caption":"Olivia Bunescu"},"description":"Olivia Bunescu is a senior associate editor with Multi-Housing News and Commercial Property Executive and joined the team in 2022. With a B.A. in journalism and M.A. in Media Management, Olivia covers feature stories and interviews on student housing, SFR, coworking, office, design and marketing. She also hosts the Student Housing Unlocked and Step Into My Office podcast series. You can reach out to Olivia at olivia.bunescu@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/olivia-bunescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/05\/Capture-1-e1653660053716.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2703"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004582464"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582464\/revisions"}],"predecessor-version":[{"id":1004582665,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004582464\/revisions\/1004582665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004582465"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004582464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004582464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004582464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}