Construction is underway on Phase I of a new tech office park near Downtown Sunnyvale under a joint development between Harvest Properties and Invesco. At full buildout the campus will consist of three buildings along West Maude Avenue totaling 560,000 square feet of space on a site that had been partially vacant and with older office and R&D stock.
The first building being constructed is located at 684 West Maude Ave., at the intersection with North Pastoria Avenue. The site is about a mile from Caltrain and is also near both Highway 101 and 237. It will offer 195,000 square feet of space and is geared to accommodate about 1,000 workers who may be able to move in as early as fall 2020.
“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,” said 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.”
Harvest Properties and Invesco are working with Korth Sunseri Hagey Architects and Level 10 Construction, the general contractor. Newmark Knight Frank and JLL are the exclusive listing agents for the Class A offices.
The project is located in the Peery Park area and will bring sidewalks, landscaping and other streetscape improvements to help boost the appeal for pedestrians.
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.”