John Winther Of Harvest Properties Acquires 24.5 Acre Campus In Palo Alto For $163M

An industrial property located at 3825 & 3875 Fabian Way in Palo Alto, CA, has been sold for $163 million. The asset encompasses 24.5 acres and is part of the shifting landscape in the life sciences real estate market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $163,000,000
• Buyer: John Winther - Harvest Properties
• Seller: Peter M. Moglia - Alexandria Real Estate Equities
• Date of Sale: 07/20/2026

John Winther, representing Harvest Properties, has taken ownership of the property, which serves as a research and development campus. Peter M. Moglia, representing Alexandria Real Estate Equities, completed the sale. Harvest Properties intends to maintain the primary tenant while assessing redevelopment opportunities for approximately half of the campus into housing to meet increasing residential demand.