{"id":1004552556,"date":"2021-10-04T04:39:03","date_gmt":"2021-10-04T12:39:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004552556"},"modified":"2022-12-08T16:19:46","modified_gmt":"2022-12-09T00:19:46","slug":"invesco-real-estate-jv-sells-bay-area-campus-for-192m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/invesco-real-estate-jv-sells-bay-area-campus-for-192m\/","title":{"rendered":"Invesco Real Estate JV Sells Bay Area Campus for $192M"},"content":{"rendered":"
\"\"<\/a>

Assembly at North First<\/p><\/div>\n

A partnership between Invesco Real Estate, ProspectHill Group and SKS Partners has sold Assembly at North First in San Jose, Calif., for $192 million, public records show. Exeter Property Group purchased the roughly 300,000-square-foot office campus.<\/p>\n

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READ ALSO: San Francisco Market Update: Sales Volume, PSF Prices Up<\/a><\/p>\n

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Located at 3930, 3940, 3950 and 4000 N. First St., as well as 90 Headquarters Way, the property is less than 4 miles from Interstate 880, within walking distance of several public transit options and some 3 miles from Oracle\u2019s Santa Clara, Calif., campus. The sellers initially purchased the asset in 2016 and began the redevelopment of the four buildings in 2018. Originally completed between the 1980s and the 1990s, the buildings served as the headquarters of Novellus.<\/p>\n

Remarkable Renovations<\/h2>\n

Redevelopment plans featured two phases, with Gensler serving as the project architect. The first encompassed the renovations of the four initial buildings and combining two of the buildings into a single 100,000-square-foot structure. Additionally, interiors and exteriors were modernized and Assembly at North First was awarded LEED Gold certification. The second phase had not begun at the time of sale.<\/p>\n

In 2019, Google began negotiations with the partnership to lease most of the space at the 27-acre campus, but the plan fell through and the tech giant purchased other office buildings in the area. Additionally, Google has major plans for downtown San Jose<\/a> in the form of a mixed-used project, which will include some 7.3 million square feet of space.<\/p>\n","protected":false},"excerpt":{"rendered":"

The office property underwent a major redevelopment in 2018.<\/p>\n","protected":false},"author":748,"featured_media":1004552559,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21742,21747,1609,36079,15],"tags":[35364,33012,33882,32779,32829],"class_list":["post-1004552556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-latest","category-office","category-san-francisco","category-san-jose","category-west","tag-exeter-property-group","tag-gensler","tag-invesco-real-estate","tag-leed","tag-sks-partners"],"acf":[],"yoast_head":"\nInvesco Real Estate JV Sells Bay Area Campus for $192M - 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\/invesco-real-estate-jv-sells-bay-area-campus-for-192m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invesco Real Estate JV Sells Bay Area Campus for $192M\" \/>\n<meta property=\"og:description\" content=\"The office property underwent a major redevelopment in 2018.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/invesco-real-estate-jv-sells-bay-area-campus-for-192m\/\" \/>\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=\"2021-10-04T12:39:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:19:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/Assembly-at-North-First-e1633345582671.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/invesco-real-estate-jv-sells-bay-area-campus-for-192m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/invesco-real-estate-jv-sells-bay-area-campus-for-192m\/\",\"name\":\"Invesco Real Estate JV Sells Bay Area Campus for $192M - 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