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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.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


