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Harvest Properties & Invesco Break Ground on Premier Silicon Valley Development Site

First Phase of ±560,000 New State of the Art Sunnyvale Class “A” Office Campus Ready for Occupancy Fall 2020

Silicon Valley, CA (06/27/2019)

11:00 AM

A joint venture between Harvest Properties and Invesco have commenced construction on a premier class "A" office development site in the heart of one of Silicon Valley's most active submarkets.

This fully entitled development opportunity, just minutes from Downtown Sunnyvale, will provide corporate users seamless Caltrain connectivity and convenient freeway access at the convergence of Highways 101 and 237. The three-building project will be delivered in phases, allowing a tenant the unique opportunity to synchronize their growth plans with the commencement of occupancy. The first building, located at 684 W. Maude Avenue, will be approximately 195,000 square feet and ready for tenancy early next fall.

Harvest Properties and Invesco have engaged renowned Korth Sunseri Hagey Architects to lead all design efforts. Level 10 Construction has been hired as the general contractor. Newmark Knight Frank and JLL have been retained as the exclusive listing agents. The team from Newmark Knight Frank will consist of Jeff Arrillaga, Joe Kelly and Mike Saign. The JLL team will be comprised of Mark Bodie, Steve Clark and Toss Vallentine.

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."

"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," added 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."

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

For Media Inquiries Contact:
Deb Bergman
Vice President PR and Communications
Newmark Knight Frank
T 303.260.4307