Kennedy Wilson Buys Big in Seattle

Constructed between 1999 and 2001, 90 East consists of three Class A buildings situated on a 20-acre site in the greater Bellevue area. The property is currently 100 percent leased.
Kennedy Wilson has acquired 90 East, a 573,000-square-foot office campus in Issaquah, Wash., for $153 million in an off-market transaction from Talon Private Capital and Cerberus Capital Management. To pay for the transaction, the company invested $76 million of equity and secured a 10-year interest-only loan for $77 million at a fixed-rate of 3.85 percent…

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