OAKLAND, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that Emeryville, CA-based Harvest Properties has purchased 555 City Center here in Oakland, CA with partner Prudential Real Estate Investors. The seller was CBRE Investors.
While sources involved tell GlobeSt.com that they cannot disclose a purchase price at this time, John Winther, founder and managing partner of Harvest Properties, says that “the downtown Oakland market is very attractive to companies who seek unparalleled access to public transportation and a first in class business environment.” He adds that 555 City Center “is well situated to weather any downturns and benefit from market upswings.”
Investment brokers involved in the transaction include Jeffrey Weber, Stephen Van Dusen, Mark Penrod, Darin Rodriguez and Daniel Cichocki of Eastdil Secured.
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