BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Feb. 21, 2012--
International real estate investment and services firm Kennedy
Wilson (NYSE: KW) today announced that it completed three
office leases totaling 145,000 sq. ft. in Los Angeles and San Francisco.
“We’ve seen an uptick in leasing activity at our office properties,”
said John Prabhu, president of KW Commercial Investment Group. “The
increased activity is primarily in Southern California, Northern
California and Seattle, driven by the technology, media and
entertainment companies in these markets.”
Last month, the company welcomed digital agency Huge, a member of the
Interpublic Group of Companies, at 6100 Wilshire in the Miracle Mile
area of Los Angeles, increasing the building’s occupancy to 94%. Last
year, Kennedy Wilson signed Aecom at 300 California St. in San
Francisco, which increased the building’s occupancy to 97%.
Additionally, the company completed a ten year, ground floor retail
lease with Buffalo Wild Wings at 7060 Hollywood Blvd. in Los Angeles,
bringing the building’s occupancy to 100%. The lead tenant of 7060
Hollywood Blvd. is entertainment company Live Nation, which occupies
100,000 sq. ft., representing one of the largest lease transactions in
Los Angeles of 2009.
“Tenants are looking for good quality assets with strong ownership,
which gives them the security that tenant improvements will be funded
and completed on time in addition to the property being maintained at a
Class A level,” Prabhu commented.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate
investment and services company headquartered in Beverly Hills, CA with
23 offices in the U.S., Europe and Japan. The company offers a
comprehensive array of real estate services including auction,
conventional sales, property services and investment management. Through
its fund management and separate account businesses, Kennedy Wilson is a
strategic investor of real estate investments in the U.S., Europe and
Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.
Source: Kennedy Wilson
Kennedy Wilson
Christina Cha
Director of Corporate
Communication
(310) 887-6294
[email protected]
www.kennedywilson.com