![Real estate: New Palo Alto office building is bought by big investor as Stanford wheels and deals](https://i.comentr.com/7W8udOCwY1JoExoT7ONxOt-4KUU_tam.jpg)
Real estate: New Palo Alto office building is bought by big investor as Stanford wheels and deals
https://www.siliconvalley.com/2020/12/07/real-estate-palo-alto-office-building-bought-investor-tech-stanford/
PALO ALTO — A new Palo Alto office building that’s already fully leased to a tech company has been bought by a big-time investor from Chicago, in one of the highest-priced property purchases in Silicon Valley since business shutdowns began nine months ago.
The building, which totals 85,400 square feet, is located at the corner of Coyote Hill Road and Hillview Avenue in Stanford Research Park. Before even being completed, the property had landed a new tenant: VMware.