555 12th Street
Oakland

555 12th Street is a 20-story, trophy-quality, Class A office tower and mixed-use development in downtown Oakland. Situated in an irreplaceable, transit-oriented location at the 19th Street BART station, the unique 489,973 square foot, LEED Gold certified building is downtown Oakland’s most recently completed office tower. Purchased in 2013, Harvest recognized an opportunity to purchase a trophy-quality asset at a significant discount to replacement cost and capitalize on the record high rental rate spread between Oakland and San Francisco. Changing market fundamentals as well as the trend towards urban, amenity-rich, transit-oriented locations provided the impetus to invest ahead of other institutional investors. In June 2016, Harvest sold 555 12th Street and continues to manage the Property.

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Location
555 12th Street, Oakland, CA
Acquired
September 2013
Size
490,163 sq. ft.
Status
Sold in June 2016