June 26, 2019 – A joint venture between Harvest Properties and Invesco have commenced construction on a premier class “A” office development site in the heart of one of Silicon Valley’s most active submarkets.
This fully entitled development opportunity, just minutes from Downtown Sunnyvale, will provide corporate users seamless Caltrain connectivity and convenient freeway access at the convergence of Highways 101 and 237. The three-building project will be delivered in phases, allowing a tenant the unique opportunity to synchronize their growth plans with the commencement of occupancy. The first building, located at 684 W. Maude Avenue, will be approximately 190,000 square feet and ready for tenancy early next fall.
Harvest Properties and Invesco have engaged renowned Korth Sunseri Hagey Architects to lead all design efforts. Level 10 Construction has been hired as the general contractor. Newmark Knight Frank and JLL have been retained as the exclusive listing agents.
The team from Newmark Knight Frank will consist of Jeff Arrillaga, Joe Kelly and Mike Saign. The JLL team will be comprised of Mark Bodie, Steve Clark and Toss Vallentine.
According to Harvest Properties’ Blair Volckmann and Preston O’Connell, “There are numerous reasons we feel this campus will provide an incredible headquarters or Silicon Valley beachhead for today’s leading corporations and growth technology companies, where the ability to attract and retain Silicon Valley’s top talent is of primary importance. With this in mind, we have refined the development to include best-in-class new construction, thoughtfully programmed indoor/outdoor amenity space, prominent identity, and flexible scalability – all of which, when combined with the efficient nearby transportation solutions and its central Silicon Valley location, will yield a one-of-a-kind property.”
“This project will offer tenants unmatched proximity to world class corporate neighbors and potential business partners including Apple, LinkedIn, Microsoft, Riverbed, Alibaba.com, Proofpoint, Synopsys, Walmart.com, Twitter, 23&Me,” added Executive Managing Director Joe Kelly of Newmark Knight Frank. “Highly efficient and customizable campus opportunities of this scale and location are becoming increasingly harder to find in Silicon Valley. We look forward to seeing this project quickly take shape in the year ahead.”