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Harvest, Invesco Venture Buys Sunnyvale Sites for $166M

Sunnyvale Owner, an affiliate controlled by developer Harvest Properties and Invesco Real Estate, acquired three parcels in Sunnyvale, CA for $165.5 million. The Peery Park district property contains existing office and research buildings, and a large vacant land site envisioned for development.

The land is fully entitled and is expected to appeal to tenants that spill over from nearby Palo Alto and Mountain View. The buyers paid $120.5 million for three buildings at 810 and 870 W. Maude Ave., and 474 Potrero Ave. The land at West Maude and North Pastoria traded for $45 million.

The city already approved new development for the properties for large new offices buildings. The sites could be built out with as much as 823,000 square feet of offices.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Development
  • ◦Sale/Acquisition