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HGI News

Harbor Group International Acquires Cupertino Office Property 

Transaction Marks HGI’s 2nd Cupertino Office Acquisition in Last Five Months 

CUPERTINO, CA (June 6, 2017) -- Harbor Group International, LLC (“HGI”) announced today that affiliates of the company have acquired Torre Plaza, an 88,580 square foot office property in Cupertino, California for $66.25 million. The property is 100% occupied.

The property is HGI’s second acquisition in Cupertino in the last 5 months. The other acquisition occurred in December 2016, when an HGI affiliate, in partnership with Thor Equities, acquired a 100,352 square foot property 100% occupied by Kaiser Permanente and adjacent to Apple’s new $5 billion office complex.

“Cupertino has one of the lowest vacancy rates for Class A office product in the country,” said T. Richard Litton, Jr., President of Harbor Group International, “In both of our Cupertino acquisitions, we were able to acquire single tenant assets leased to credit tenants.  The tenant quality in both transactions, combined with the strong office market fundamentals in Cupertino, makes the transactions very attractive on a risk-adjusted basis.”

The class A property is within walking distance to numerous popular retail and dining amenities and is easily accessed from both I-280 and SR-85.

Harbor Group International, LLC is a private real estate investment and management firm which controls a portfolio of worldwide assets valued in excess of $4.7 billion.  HGI is headquartered in Norfolk, Virginia with offices in New York and Tel Aviv.  The company’s real estate holdings include approximately 4.7 million square feet of commercial properties and in excess of 22,000 apartment units.  For additional information, please visit www.harborgroupint.com.


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Harbor Group International, LLC provides real estate management and real estate investment opportunities and services and is not affiliated with Harbour Group Industries, Inc. (whose website may be found at www.harbourgroup.com), which offers investment services in connection with the acquisition of, development and operation of industrial and manufacturing companies.