June 22, 2017 Comments Off on Harvest, KKR Acquire Oakland Office Building Views: 656 Bay Area, California News

Harvest, KKR Acquire Oakland Office Building

Northern California-based Harvest Properties and New York-based KKR acquired 180 Grand Avenue in Oakland from a partnership between Ellis Partners and Artemis Real Estate Partners for reportedly near $120 million. The Class A office development is comprised of a 15-story, multi-tenant office building totaling 278,596 square feet in the heart of the downtown Oakland, near Lake Merritt and the burgeoning Uptown district.

“We are thrilled to be making our fourth investment in downtown Oakland in as many years,” said Harvest Properties’ Awais Mughal. “180 Grand represents an excellent opportunity to acquire a high-quality office asset at the crossroads of the amenity-rich Uptown submarket and the heart of Oakland’s residential renaissance.”

The building is 95% leased to a diverse roster of high-quality tenants, including engineering consultant AMEC Foster Wheeler, insurance provider Healthnet of California, payment API software developer Marqeta, Bank of America, Charles Schwab and Deloitte.

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