Stevens Development Company

Management Team

Bob Stevens - Managing General Partner. Bob developed commercial properties in the SF Bay Area in the 1970s & 80s and later was co-founder/CEO of three tech companies: an educational software company, Earthquest, an Internet company, ImproveNet, that went public in 2001 and in 2016 an educational software company Wyz Kid Labs. Bob received an MBA from Stanford University. Stevens Development Co. was recognized as a Green Business Leader by the City of Palo Alto in 2012.
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.
KevinStevens94 Kevin Stevens - Property Manager. Kevin provides general management support and backup for Bob Stevens and oversees site quality control. Kevin is married with two children and has been a Palo Alto School District teacher for more than 10 years. He graduated from UC Irvine where he was a captain of the Division I golf team earning All-American Scholar honors his senior year.
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 - former 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 UC Berkeley. He passed away in 2013.

History of the Buildings

101 UNIVERSITY/444 HIGH - The 101 University and 444 High St buildings were developed in 1982-83 by the three partners shown above. The land was vacant when purchased but in the late 1800s and early 1900s the properties had large trolley barns serving public transportation needs of Palo Alto. 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.

125 UNIVERSITY - 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.

ENERGY STAR/CARBON FREE CERTIFIED - Regular upgrades in building systems and interior improvements have been made over the past 30 years. Most recently sophisticated energy management systems have been made to provide web-based remote monitoring and adjustment of all thermostats throughout the buildings. As a result of energy efficiency upgrades made in recent years, in 2012 the EPA gave Energy Star designation to 101 University, 444 High Street and 125 University for their superior energy performance.

The buildings also were Carbon Free Certified in 2012 through a combination of building efficiencies and retirement of verifiable carbon allowances.
125EnergyStarLogo400
Energy Star Certified
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City of Palo Alto Award
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Carbon Free Certified