See Which Sovereign Wealth Fund Invested in a Former Facebook Office
Sovereign wealth funds and other foreign institutional investors have plowed capital into London, New York and San Francisco core real estate. Analyzing yield options, institutional property investors are reengaging the suburbs, especially areas with a technology-focus such as Austin, Texas and the Bay Area (California). Conveniently located within the Stanford Research Park, 1050 Page Mill Road, a 285,000 square feet office and warehouse complex, was the location of one of Facebook’s core offices. Facebook subleased the property in 2009 from Beckman Coulter, a medical device manufacturer. Facebook outgrew the property and moved itself into a massive office park in Menlo Park.
Created in the 1950s by Stanford University, the Stanford Research Park is experiencing low vacancy rates due to a renewed technology boom. Companies like VMware and Netflix have helped lower vacancy rates on the Peninsula.
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