JV Acquires 2 Properties in SF Financial District

Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.
San Francisco—Kennedy Wilson, in a joint venture with Takenaka Corp. announced the acquisition of 400 and 430 California St. in the North Financial District submarket of San Francisco. The 247,000-square-foot office tower and 27,000-square-foot bank branch sold for $135 million. Kennedy Wilson’s asset management strategy includes a full-scale repositioning of the property, including a renovation of the lobby and other interior upgrades. James Andrew International advised Takenaka Corp. in the transaction…
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