{"id":1004091954,"date":"2014-02-26T08:31:10","date_gmt":"2014-02-26T16:31:10","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=243480"},"modified":"2022-12-09T00:34:19","modified_gmt":"2022-12-09T08:34:19","slug":"san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\/","title":{"rendered":"San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market"},"content":{"rendered":"<p class=\"MsoNormal\"><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p class=\"MsoNormal\"><em>\u00a0<\/em>A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, Calif. from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S.<\/p>\n<p class=\"MsoNormal\">The class A office complex kn<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Parkside_Towers_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-243481\" title=\"Parkside_Towers_1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Parkside_Towers_1.jpg\" alt=\"\" width=\"300\" height=\"216\" \/><\/a>own in the area as Parkside Towers, includes two inter-connected, mixed-use eight-story structures that offer a massive amount of office space, as well as ground floor retail. The two buildings also offer ground floor retail space standing on top of three levels of parking. The total leasable area of the complex located at 1001, 1031 and 1051 East Hillsdale Blvd. stands at 399,590 square feet. The building is currently occupied by a number of high-quality credit tenants. The seller acquired the property back in 2008 and has since focused its efforts on improving Parkside Towers\u2019 occupancy rate. The new owners have since completed the resigning of Guidewire as a major tenant, for 97,674 square feet of space. At the time of the sale, the complex was fully leased, its 100 percent occupancy rate being a major selling point.<\/p>\n<p class=\"MsoNormal\">Tenant features at Parkside Towers include state-of-the-art building systems, striking lobbies, exceptional onsite amenities and above-average parking on the premises. Harvest Properties acted as the property manager for the asset, and will continue to handle management duties at the site. The transaction was handled by Eastdil Secured Leasing brokers Jeff Weber and Stephen Van Dusen, as well as Josh Rowell and Craig Kalinowski with Cornish &amp; Carey.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, CA from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S.<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[1815],"class_list":["post-1004091954","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market\" \/>\n<meta property=\"og:description\" content=\"A Chicago-based real estate company has recently made its first move in the San Mateo County office market. Heitman, a global management firm, recently completed the purchase of an office complex in Foster City, CA from partnership between Harvest Properties and Invesco Real Estate. The transaction brings further proof that the San Francisco Peninsula is generating interest in the tech market, ranking in the top three markets for tech companies in the entire U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-02-26T16:31:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T08:34:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/02\/Parkside_Towers_1.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market\",\"datePublished\":\"2014-02-26T16:31:10+00:00\",\"dateModified\":\"2022-12-09T08:34:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/02\\\/Parkside_Towers_1.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/san-mateo-county-office-campus-sold-by-harvest-properties-and-invesco-real-estate-with-peninsula-developing-as-tech-market\\\/\",\"name\":\"San Mateo County Office Campus Sold by Harvest Properties and Invesco Real Estate with Peninsula Developing as Tech Market - 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