180 Grand Ave
Oakland

Harvest Properties initially acquired this 15-story LEED Platinum office tower and 370-stall garage in June 2017. Located in Oakland’s vibrant Uptown neighborhood walking distance to the 19th Street BART station, the property offers convenient access to Interstates 580, 880 and 980. It also features unobstructed views of Lake Merritt and offers efficient 18,700 square-foot floorplates. After successfully implementing much of the initial business plan, a new joint venture also sponsored by Harvest Properties acquired the property from the prior joint venture in July 2019. Harvest elected to continue its ownership based on its optimistic outlook of the long-term growth prospects for the downtown Oakland market and its belief that it can leverage its knowledge of the asset and strong tenant relationships to create additional value at the property, all while benefitting from existing, stable cash flows.

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Location
180 Grand Avenue, Oakland, CA
Acquired
Recapitalized: July 2019
Size
278,596 sq. ft.