$131 million SoCal office deal

Real estate investment firm Kennedy Wilson acquired a 354,341-square-foot office building in Thousand Oaks, Calif., for $131 million.

Built in 1982, the building, which was extensively renovated in 2007, is situated on 43 acres. It comprises three stories of class A space.

At the time of sale, the property was 79 percent occupied and includes three major tenants: Baxter Healthcare, Verizon and HMS Capital.

Kennedy Wilson and its sponsored funds KWI Property Fund I and KW Property Fund II purchased the asset from an unidentified entity.

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