AXA Investment makes second office investment in Oakland

AXA Investment Managers – Real Assets has completed, on behalf of a client, the acquisition of 180 Grand Avenue, a 279,000-square-foot office asset located in downtown Oakland, Calif.

“The acquisition of 180 Grand, which marks our second office investment in Oakland following the acquisition of 1440 Broadway last year, aligns well with our strategic approach to investing in high-quality assets in the top U.S. office locations which are served by strong public and private transport infrastructure and benefit from strong employment growth and positive rental growth prospects. We look forward to working with our new partner, Harvest Properties, to serve the property’s strong tenant roster and further enhance the building’s competitive position in the Oakland market,” said Steve McCarthy, head of North America at AXA IM – Real Assets.

The transaction was structured as a joint venture alongside Harvest Properties, a full-service commercial real estate investme