REBusinessOnline

Harvest Properties, Invesco Real Estate Buy Three-Building Office Development Site in Silicon Valley

684-W-Maude-Ave-Sunnyvale-CA

Slated for delivery in third-quarter 2020, the first building, located at 684 W. Maude Ave. in Sunnyvale, Calif., will feature 190,000 square feet of office space. (Rendering credit: KSH Architects)

SUNNYVALE, CALIF. — A joint venture between Harvest Properties and Invesco Real Estate has acquired a three-building, Class A office development site in Silicon Valley’s Sunnyvale submarket. Terms of the transaction were not released. The acquisition marks the eighth joint venture that Harvest and Invesco have completed together.

The fully entitled, shovel-ready development site is situated in Peery Park, minutes from downtown Sunnyvale. The project totals approximately 540,000 square feet across three buildings and can be delivered in phases. The partnership plans to break ground immediately and deliver the first building, a 190,000-square-foot asset at 684 W. Maude Ave., in the third quarter of 2020.

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