"Cosmetic and mechanical upgrades" may be planned for the office buildings that formerly housed Sunset Publishing Corp. in Menlo Park, according to an announcement by Deutsche Asset Management's real estate head, Todd Henderson.
Deutsche Asset Management announced Jan. 13 that it had acquired a partial ownership interest in the former Sunset property, located at 80 and 85 Willow Road (also known as Willow Park).
The property was purchased from Time Inc. in December 2014 by Embarcadero Capital Partners.
"We strongly believe that (Willow Park) will benefit from a cosmetic and mechanical upgrade focused on preserving the unique character and the amenities that make this property so attractive," Mr. Henderson said in the announcement.
Deutsche Asset Management and Embarcadero Capital Partners have also partnered before, as office space developers of the Clearview business park in San Mateo, where GoPro's offices are located.
The buildings at 80 and 85 Willow Road contain 85,732 square feet of office space in a large park-like setting, according to Catherine Wooters, spokesperson for Deutsche Asset Management.
Deutsche Asset Management declined further comment.