Stevens Development Company Management Team

Stevens Development Company

Management Team

	Bob Stevens - Managing General Partner. Bob has developed commercial properties in the SF Bay Area and was founder and CEO of two technology companies. From offices in the 125 University building, Bob started and ran an educational software company, Earthquest/Magic Quest, and most recently an Internet company, ImproveNet, that went public in 2001. Bob and his wife Karen run Stevens Development Company which manages the three buildings. Bob received an MBA from Stanford University.
	Val Freytag - Property Manager. Val handles day-to-day management affairs for these three buildings managed by Stevens Development Company. Val has been involved in property management for more than 7 years after moving to the US from the UK. Val recently completed her first marathon and has two young girls.
	Karen Stevens - Property Manager. Karen spent a number of years handling day-to-day property management duties for the three properties. Today, Karen handles the accounting for the partnerships. Karen received a bachelor's degree from the University of Florida.
	Bill Busse - General Partner. An architect by profession, Bill was President of a prominent Palo Alto architectural firm, Spencer Associates for more than 20 years. In addition to designing many buildings at Stanford, a number of national park visitor centers among many commercial buildings, Spencer Associates was the project architect for the 101 University and 444 High St buildings. Bill received his architectural degree from Stanford University.
	Jack Woodruff - General Partner. Jack spent many years in the Bay Area as a commercial general contractor and developer. Jack's primary focus over 35 years of work was creating prominent office buildings, including his firm's work as general contractor for the 101 University and 444 High St buildings. Jack received his engineering degree from the University of California at Berkeley.

Development History of the Buildings

The 101 University and 444 High St buildings were developed in 1982-83 by the three partners shown above. The two buildings are contiguous and share a common underground parking garage. These 4-story, Class A buildings serve as the gateway to Stanford University from Palo Alto, connecting University Avenue and Alma Expressway. The original property where 101 University is located had, in the early 1900s, large structures which housed trolley cars serving the greater Palo Alto area.

The 125 University building was originally constructed in the mid-1920s having been designed by the renowned Palo Alto architect, Birge Clark. 125 University has been designated as an historic building by the City of Palo Alto. For some 30 years the building was a major retail store serving the mid-Peninsula area, originally as a Roos Brothers store. After being boarded-up for years after the Stanford Shopping Center was built, the building was remodeled and converted to office use in the late 1970s. A partnership headed by Bob Stevens and Bill Busse bought the building in 1980 and have owned the property ever since.