Kennedy Wilson Fund Grabs $144M Office Campus

The two-building, 437,000-square-foot Glendale property is 88 percent leased to 21 tenants including Cigna, also serving as the headquarters for DineEquity and Learner’s Digest International.

Kennedy Wilson Real Estate Fund V has acquired 400 and 450 N. Brand Blvd., a two-building, 437,000-square-foot office campus in Glendale, Calif., for $144 million. The transaction was paid for with $50 million in equity from Fund V and a five-year interest-only loan of $94 million.

JLL’s Executive Vice President Tom Bohlinger and Senior Vice President Jon Lange represented the seller, a venture of MetLife Inc. and Beacon Capital Partners, as well as the buyer. JLL’s Managing Director Brian Halpern and Senior Associate Alex Kane led the team on the financing…

Kennedy Wilson Fund Grabs $144M Office Campus


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