Whole Foods Property in Heart of Silicon Valley Fetches $55 Million

LOS ALTOS, Calif. – September 17, 2018 – A 50,451-square-foot retail property occupied by Whole Foods Market in Los Altos (Silicon Valley), California has sold for $55 Million. Imperial Hornet Developers, LLC acquired the freestanding property located at 4800 El Camino Real, one of the region’s primary thoroughfares, from Compass Grand Associates, LLC. Investment specialists Kevin Held and Matt McNeill with Cushman & Wakefield represented the buyer in the transaction. The duo worked with Ron Goldie, a Los Angeles-based attorney who specializes in acquisitions, portfolio management, and dispositions for urban core, Class A real estate for high net worth private clients, and who acted as an investment advisor in leading negotiations for the buyer. “This is an irreplaceable, single tenant asset and a generational investment opportunity in the epicenter one of the best economies in the world,” said Mr. Held, Vice President. “The property was originally developed as a prototype build to [...]