
Harvest, True North Finalize Sale of Oakland’s Iconic Tribune Tower
Harvest Properties and JV partner True North Management Group divested Tribune Tower in Oakland to Highbridge Equity Partners for reportedly in the neighborhood of $50 million. The historic 20-story City Center asset at 409 13th St. serves as a local landmark and longstanding symbol of the downtown skyline, featuring an original 1920s era clock and namesake fluorescent “Tribune” sign.
Harvest Properties’ Kathryn Collins says, “Two years ago, we saw an opportunity to restore Tribune Tower to its former stature, and are extremely pleased we have participated in the revitalization of this Oakland icon.”
Restoration of the 95,350-square-foot tower and capital investment into base building and tenant improvements, as well as amenities, ultimately produced an award-winning result. Work included a comprehensive seismic retrofit, creative office finishes with high ceilings and expansive windows, and a renovated lobby.
NKF’s Steve Golubchik, Tyler Meyerdirk, David Hosler and Jack Phipps represented the sellers.
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- ◦Sale/Acquisition