Newmark Completes Sale of 13-Building, 70-Acre Stanford Research Park Campus

Photo credit to Jeff Peters of Vantage Point Photography

September 30, 2025 9:00 AM

Newmark announces the Company has arranged the sale of The Campus at Stanford Research Park, a 1.1-million-square-foot office and R&D campus situated in Stanford Research Park. The asset was acquired by a partnership between Harvest Properties and TPG Real Estate for an undisclosed amount, representing the largest property sale on a square-footage basis in Stanford Research Park history.

Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubchik, Vice Chairman Edmund Najera, Managing Director Darren Hollak and Associate Director Brendan Raney represented the seller, Broadcom in partnership with Stanford University. Broadcom gained ownership of the campus after acquiring VMware, which owned the campus and was headquartered there.

“The Newmark team is proud to support the continued success of The Campus at Stanford Research Park through this transaction, managing the negotiation of a ground lease extension and the large-scale repositioning of a single-tenant campus to accommodate a multi-tenant lease-up,” said Golubchik. “We are thrilled to deliver a fantastic execution for Broadcom and Stanford and know the Harvest and TPG Real Estate teams will continue to invest in the Campus for the benefit of tenants and the broader Standford and Silicon Valley communities.”

Located in the heart of Silicon Valley, the Campus is home to leading technology innovators including Google, Tesla’s engineering headquarters, Rivian and Broadcom, as well as life science pioneers Guardant Health, Varian and Ascendis Pharma. The property is within a five-minute drive of Interstate 280, offering connectivity to housing throughout greater Silicon Valley.

Stanford Research Park was founded in 1951 as a partnership between Stanford University and the City of Palo Alto to promote the commercialization of R&D by bridging the gap between academia and industry. Stanford Research Park encompasses 700 acres and includes 10 million square feet of office and lab space across 140 buildings, housing over 150 companies.

The Campus, one piece of the larger park, is comprised of 13 state-of-the-art buildings, ranging from 62,000 square feet to 190,000 square feet and offers multiple fitness centers and cafeterias, conference centers and exceptionally manicured landscaping.

[1] According to Newmark Research

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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