Rockwood Capital Acquires 130 Lytton in Downtown Palo Alto for $53M

Source:  CPE

In a recent grab for a shrinking market of office space in the San Francisco metropolitan area, Rockwood Capital teamed up with Tarlton Properties to buy 130 Lytton, a 50,000-square-foot building in downtown Palo Alto. Rockwood Capital, based in White Plains, N.Y., won the bid from the seller KG-Lytton for $53 million, which translates to $1,060 per square foot. According to Office Research Report published by Marcus & Millichap, the median sales price for Bay Area office properties ...

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