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Kennedy Wilson Bags Bothell Campus for $55M
Kennedy Wilson Fund VI, a commingled fund managed by Beverly Hills, CA-based Kennedy Wilson, acquired Canyon Park East, an institutional-quality commercial campus with five buildings across 16.5 acres in Bothell, WA for $55 million. Canyon Park East includes a mix of office, flex and warehouse space totaling 269,000 square feet constructed between 1990 and 1993.
PCE Pacific, the exclusive regional partner of Emerson Electric, is the largest tenant in the commercial campus that is situated at a pivot point between Seattle, Bellevue, Redmond and Everett.
Kennedy Wilson’s Nicholas Colonna says, “Canyon Park East fits squarely into our investment strategy to target value-add opportunities with operational upsides in supply-constrained markets throughout the western United States.”
CBRE’s Tom Pehl and Lou Senini represented the unnamed seller. The buyer was self-represented. Kennedy Wilson has an 11% interest in Fund VI.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
