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$104 MILLION: MAJOR INVESTORS BUY BIG PALO ALTO COMPLEX

PALO ALTO - A real estate group headed by big-time investors in New York City and the Bay Area has bought a prominent grocery, retail and office complex in a choice section of Palo Alto for nearly $104 million, according to property documents. An affiliate connected to KKR, a major private equity firm, and Drawbridge Real Estate, has bought First Republic Center at 2100 El Camino Real in Palo Alto, documents filed on Dec. 30 with officials in Santa Clara County show…