Menlo Equities Signs Phoenix’s Largest Office Lease of 2023

14 December 2023

Peckham Inc. has signed a 136,194-square-foot commitment to fully occupy One Compass Center, a Class A office property in Phoenix. JLL assisted the tenant in signing the metro’s largest office lease so far this year. Cushman & Wakefield represented the landlord, Menlo Equities, which has owned the property since 2018.

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Menlo Equities, Beacon Capital Break Ground on Bay Area Project

18 September 2023

Menlo Equities and Beacon Capital Partners have started construction on their latest Bay Area project. The two firms broke ground on Portal 405, a six-story life science building in San Carlos, Calif., that is scheduled for completion in late 2024.

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Texas AirSystems leases Las Colinas space for its regional office

13 June 2023

One of the state’s largest commercial air-conditioning and heating equipment firms has taken an entire Las Colinas office building for its regional offices. Texas AirSystems leased the more than 100,000-square-foot Royal Ridge II building near Carpenter Freeway, north of DFW International Airport. It’s one of the largest office leases signed in Irving so far this year.

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Boyd Watterson Pays $26MM for 79,000 SQFT R&D Building in San Dimas

22 May 2023

CBRE facilitated the sale of 960 Overland Court, a 79,036-sq.-ft. R&D/flex building in San Dimas, to San Dimas CA LLC.
According to public records, an entity linked to Menlo Equities sold the asset to an entity affiliated with Boyd Watterson for $26 million, or approximately $328 per square foot.

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Silicon Valley firm pays $66M for Perimeter Park office property

19 August 2022

A West Coast real estate company has acquired an office building in the Perimeter Park development in Morrisville for $66 million as a major investment firm offloads another property in the park. In early August, Menlo Equities of Menlo Park, California, purchased Perimeter Six at 1010 Sync St. from the Starwood Capital Group, headquartered in Miami Beach, Florida. The latest assessed value of the 11.58-acre property is more than $4 million while the 195,687-square-foot building is valued at nearly $44.9 million – the property also includes a parking deck.

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Menlo Equities & Beacon Capital Plan 238,000 SQFT Life Science Project in San Carlos

17 August 2022

Menlo Park-based Menlo Equities and Boston-based Beacon Capital Partners are planning a nearly 238,000-square-foot office and science lab development project in San Carlos located at 405 Industrial Road. The development team submitted a draft environmental impact report for the project, which opens up the public review period for the potential development.
Neither of the companies involved with this project responded to requests for comment for this story.

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Menlo Equities Announces $211MM Closing of Oversubscribed Sixth Value-Add Fund

11 August 2022

MENLO PARK, Calif.–Menlo Equities, a leading private equity real estate investment firm, is pleased to announce the final closing of its latest value-add investment fund, Menlo Realty Partners VI (“MRP VI”) on June 30, 2022. The fund was oversubscribed with equity capital commitments of $211 million, exceeding the initial fundraising target of $175 million. The fund secured commitments from a broad range of limited partners that included family offices, wealth management firms, Registered Investment Advisors, and high-net-worth individuals.

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Menlo Equities buys part of a Redwood City mall, eyes future development on the site

18 April 2022

A corner of the Peninsula Boardwalk Mall in Redwood City has been sold and its buyer may have plans to flip the older retail property into a life science or mixed-use project, according to sources close to the deal. Here’s what you need to know about the sale that was disclosed Wednesday in a press release by brokerage firm Newmark: The transaction: Balboa Retail Partners, a Los Angeles-based investment firm, sold the plaza to Menlo Equities, a Menlo Park-based investment and development firm, on April 6.

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Menlo Equities, DRA Advisors, Strike $32MM for Corte Madera Office Asset

09 February 2022

DRA Advisors and Menlo Equities have struck a deal for an asset in Marin County’s Corte Madera. According to public records and a recent market report by Cushman & Wakefield, the two firms solidified a synthetic land lease for $32 million, or about $318 per square foot. DRA Advisors acquired the property’s buildings from Menlo Equities. The deal for the asset, located at 5725 Paradise Dr., closed on December 13th, according to public records. In all, the property also includes just under six acres of land. The site is developed for commercial uses and is part of the professional and administrative office district.

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Menlo Equities buys Sunnyvale campus with redevelopment potential for $89M

08 January 2022

Menlo Equities spent $88.5 million for a vacant, three-building campus in a formerly industrial part of Sunnyvale that’s become one of Silicon Valley’s most in-demand office submarkets in recent years. The Menlo Park-based commercial real estate investment firm paid about $634 a square foot for the approximately 140,000-square-foot office complex at 888-894 Ross Drive. The property is near the interchange of highways 101 and 237 and campuses owned or leased by Google, according to the Mercury News, which reported details of the deal earlier.

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Big north San Jose office building lands Silicon Valley buyer

29 November 2021

SAN JOSE — A big north San Jose office building has been bought by a local real estate company, a sign that investors have maintained a healthy appetite for choice properties in the Bay Area’s tech hubs. The building, located near the interchange of State Route 237 and Zanker Road in San Jose, has been purchased by an affiliate of Menlo Equities, a veteran Bay Area real estate company. Holger Technology Partners, the Menlo Equities affiliate, paid $35 million for the building, which is at 300 Holger Way, according to documents filed on Nov. 24 with the Santa Clara County Recorder’s Office.

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Menlo Equities acquires nine Digital Realty data centers, including four in Silicon Valley for $109 million

23 September 2021

Menlo Equities has acquired four Digital Realty data centers in California’s Silicon Valley as part of a nine-property deal across the US. The Mercury News reports that the real estate firm acquired the four Californian facilities for a combined $108.8 million from the data center REIT in partnership with a US pension fund.

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Las Colinas office campus goes to California investor

09 September 2021

California investor has acquired a large Las Colinas business campus. The Royal Ridge office center has more than a half million square feet of commercial space in four buildings on John Carpenter Freeway in Irving. Investor Menlo Equities just acquired the property from Florida real estate firm Accesso Partners, which had owned the buildings since 2012. Tenants in the buildings include retailer Michael’s Stores and automaker Honda.

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CBRE Global Investors, Menlo Equities, Strike $180.8MM Deal for Irvine Industrial Property

23 July 2021

Menlo Park, Calif.-based Menlo Equities has disposed of a key industrial property in the Greater Airport Area in Irvine. In a deal that closed recently, Menlo Equities sold Irvine Crossing, a 395,673 square foot asset, to CBRE Global Investors. According to data released in a recent industry report by Cushman & Wakefield, the property sold for $180.8 million, or about $457 per square foot.

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Menlo Equities Acquires Accenture-Leased Office Complex in NoVa for $19M

25 May 2021

Menlo Equities has acquired 5155 Parkstone Drive, a 75,838-square-foot office building situated in Westfields Corporate Center in Chantilly, Va., from an undisclosed New York investor, Commercial Observer has learned. The price was not revealed, but public records list the sale at $19.25 million. Newmark Executive Managing Directors Jud Ryan and James Cassidy represented the seller in the deal.

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Equinix Executes Long-Term, 45,319 SQFT Lease Extension in Palo Alto as Local Data Center Market Surges

19 March 2021

Equinix, a multinational digital infrastructure company, has solidified its commitment to Palo Alto for the next two decades. According to sources familiar with the transaction, Equinix has agreed to occupy 45,319 square feet at 529 Bryant for the next 20 years. The agreement was finalized as the local data center market continues to grow and solidify its place as one of the most competitive in the country.

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Real Estate Notebook: Silicon Valley investor buys Southern Co. HQ building for $90M

11 November 2020

Doug Sams gives details on the sale of a downtown office tower in his real estate notebook.
An office tower in downtown Atlanta’s Allen Plaza and headquarters for electric utility giant Southern Co. has sold for almost $90 million, according to property deeds. Silicon Valley real estate firm Menlo Equities bought the 15-story 30 Allen Plaza.

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Menlo Equities pays $43M for San Dimas office complex leased to defense contractors

27 August 2020

Menlo Equities paid $43 million for a two-building office campus in San Dimas that is fully leased to two government defense contractors. The Menlo Park-based private equity firm closed earlier this month on the recently-renovated property, which has 177,000 square feet of office space, records show. Walton Street Capital and Stillwater Investment Group were the sellers. The duo acquired the campus at 924-936 Overland Court in early 2015 for $18 million, and completely overhauled the now 32-year-old property.

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Menlo Equities Buys Three-Office Portfolio in California's Orange County for $38.8 million

25 May 2020

This 60,720-square-foot building is part of the Allred Corporate Center acquired last month by Menlo Equities. (CoStar) Commercial real estate investment firm Menlo Equities acquired Allred Corporate Center, a three-building office center in Orange County, California’s Lake Forest, for $38.8 million in one of the larger local office sales since the coronavirus pandemic worsened across the United States in April.

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Menlo Equities Pays Nearly $100 Million for Falls Church Office Tower

31 March 2020

2941 Fairview Park Drive is one half of the Fairview Park office complex that includes Northrop Grumman’s headquarters. (JLL)
Menlo Equities has paid nearly $100 million to acquire BAE Systems’ headquarters in Falls Church, Virginia, as brokers and investors work to get deals done amid a challenging landscape brought on by the coronavirus pandemic

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HFF completes $15m sale and $9m financing for a 92,700 s/f data center

16 November 2019

Andover, MA Holliday Fenoglio Fowler, L.P. (HFF) completed the $15 million sale and $9 million financing of 15 Shattuck Rd., a 92,700 s/f data center located in one of Boston’s primary technology- and healthcare-oriented suburbs. At the time of sale, the asset was 100% leased to Tierpoint, a leading national provider of information technology and data center services, including colocation, cloud computing, disaster recovery and managed IT services.

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Lincoln Property Company Sells Marlborough Building to California-based Menlo Equities $33.25 Million

23 July 2019

BOSTON–JLL’s Capital Markets team recently announced the sale of 34 St. Martin Drive in Marlborough, MA, on behalf of Lincoln Property Company.
California-based Menlo Equities purchased the 206,000 square-foot flex and data center asset for $33,250,000. The JLL team was comprised of Frank Petz, Matt Sherry, and Tom Ragno. At the time of sale, the property was 95% leased, with data center tenants TierPoint and Crown Castle leasing 85% of the property’s rentable square footage with a weighted average lease term of well over 10 years.

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Newmark Knight Frank sells Wells Fargo building at Papago Park for $52.4M

20 June 2019

Newmark Knight Frank (NKF) has announced the sale of the Wells Fargo Building at Papago Park for $52.4 million, or $244.51 per square foot. The three-story, 214,303-square-foot office building located at 1150 West Washington Street in Tempe is 100% occupied by Wells Fargo.
NKF Executive Managing Director CJ Osbrink, Co-Head, U.S. Capital Markets Kevin Shannon and Executive Managing Directors Paul Jones, Ken White, Rick Stumm, Brunson Howard

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Target Plaza III sells for $171 million

06 December 2018

A California investor with a penchant for tech real estate has paid $171 million for Target Plaza III, a 12-story building in downtown Minneapolis where Target Corp. leases office space.
Menlo Park, California-based Menlo Equities purchased the mixed-use office building, according to a certificate of real estate value made public late Wednesday.

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Northern California investor buys first D.C. office building, and plans for more

15 November 2018

A Northern California commercial real estate investor with an eye for tech-centric communities has made its first buy in D.C. — a building that is fully leased, largely to a traditional law firm.
An affiliate of Menlo Equities on Wednesday closed on its $167 million acquisition of 2550 M St. NW, the home of Squire Patton Boggs. An affiliate of Mirae Asset Global Investments, which bought the building in February 2014 for $156 million, was the seller.

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San Diego Office Asset Changes Hands for $33M

19 April 2018

A joint venture between Hill Properties and a fund managed by DRA Advisors has acquired 1450 Frazee, an office building in San Diego’s submarket of Mission Valley. JLL Capital Markets completed the sale on behalf of the seller, an affiliate of Menlo Equities.
According to Yardi Matrix data, the property was purchased for $33 million and DRA Advisors assumed the $20 million outstanding balance of a loan held by Guggenheim Life and Annuity Co. from 2012. Menlo Equities bought the building from Invesco Real Estate in 2010 for $18.4 million.

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