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Drawbridge Realty Sells Palo Alto Building For $18.7 Million

DRAWBRIDGE REALTY SELLS PALO ALTO BUILDING FOR $18.7 MILLION

Palo Alto, CA - September 29, 2016 - Drawbridge Realty, a San Francisco based real estate investment company, announced today the disposition of 2500 Faber Place in Palo Alto, CA for $18.7 million to a local real estate investor. The 32,820 sq. ft. two-story life science building is located just off Highway 101 in Palo Alto and is 100% leased to Centrillion Technologies. The property, originally built in 1982, was recently renovated and features highly functional laboratory space, including clean rooms, chemistry and biology labs, and significant power desired by biotechnology users.

Scott Prosser, Joe Moriarty, Seth McKinnon and Jack DePuy of CBRE represented Drawbridge on this transaction.