1010 Corporation Way Palo Alto, CA
- Graymark purchased this asset in 2012 at a discount to replacement cost.
- 22,000 SF Office/R&D building in a highly desirable creative office submarket.
- Top Silicon Valley market with less than 10% vacancy.
- Project was 100% vacant but Graymark saw the potential to reposition this asset and then lease quickly at market rents in a tight market.
- In 2013, a renovation to creative office standards was completed.
- Shortly after completion of construction, Graymark received a compelling offer from a user and sold the project at an attractive valuation.