One80 Grand Mega-Buy is a Recapitalization of the Asset

One80 Grand, a 279,000-square-foot class-A office asset, was acquired for about $175 million (credit: Vantage Point).

OAKLAND, CA—A recent acquisition represents a recapitalization of a 15-story LEED Platinum building, which was originally acquired by Harvest Properties and investment firm KKR in 2017. Harvest, in a joint venture with AXA Investment Managers–Real Assets, acting on behalf of clients, has now (re)acquired One80 Grand, a 279,000-square-foot class-A office tower for an undisclosed amount, although GlobeSt.com learns the purchase price was approximately $175 million.

Located at the edge of Lake Merritt in the Uptown neighborhood, Harvest and AXA will continue to elevate the stature of the building within the market and meet the needs of its diverse tenant base. Identified near-term asset management initiatives include a complete elevator system overhaul, continuation of common area upgrades and the addition of a creative workplace environment on the seventh floor.