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Kennedy Wilson Snags Marin’s Hamilton Landing for $115M
Beverly Hills, CA-based Kennedy Wilson acquired Hamilton Landing, an institutional quality, wholly-owned office campus with seven buildings across 20 acres in Marin County, CA for $115 million. The company invested $55 million of equity and assumed a $60 million interest-only loan at a fixed rate of 4.34% maturing in 2025.
Kennedy Wilson acquired the 92%-occupied asset through a 1031 exchange with proceeds generated from the recent sale of two multifamily properties: ShorePark, a 393-unit apartment community in Sacramento, CA, and Indigo Springs, an apartment community with 302 units in Kent, WA.
Kennedy Wilson’s William McMorrow says, “The acquisition of Hamilton Landing feeds into our ongoing focus on improving the quality of the portfolio, and trading into assets with strong cash flow and high growth potential.”
Hamilton Landing was built in the 1930’s as an Air Force base, decommissioned in the 1970’s and then converted into Class A creative office space in phases between 2000 and 2008.
JLL’s David Dokko and Gerry Rohm represented the unnamed seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


