$131 million SoCal office deal

Ventura County asset recently renovated

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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. ...