New Partnership between LaSalle Investment Management and Harvest Properties Completes First Purchase as Silicon Valley Tech Buzz Continues
- Dec 28, 2013
Fueled by the numerous investment opportunities that are currently available in the booming tech market of Silicon Valley, commercial real estate company Harvest Properties has moved on the market for one of the most high-profile office assets in San Jose. The full service investment and development firm recently announced the purchase of 60 South Market St. for a fee that was not released to the public. This is the company’s first acquisition as part of the newly formed partnership that Harvest has created with LaSalle Investment Management.
The asset is located in San Jose, the largest city in the area known as Silicon Valley, at 60 South Market St, in the improving downtown area. The 14-story, Class A office building offers tenants 232,536 square feet of office space. According to a recently issued press statement, the building’s common areas recently underwent an extensive renovation process and the amenity package includes a fitness facility, a conference room and outdoor balconies. Placement-wise, the building offers great proximity to transportation, with both Highway 87 and Interstate 280 nearby, as well as the Caltrain line, the VTA light rail, and the San Pedro Market.
As a result of the acquisition, Harvest Properties will take over property management duties for 60 South Market St. A team of representatives from real estate brokerage Eastdil Secured was involved in completing the deal for the office tower. A CBRE team will be in charge of the listings on behalf of the new owner.
Image courtesy of cbre.com