Kennedy Wilson Completes $144M Portfolio Buy

[IMGCAP(1)]BEVERLY HILLS, CA- Kennedy Wilson and its equity partners have completed the acquisition of 6400 Canoga , also known as Warner Atrium . The 126,000-square-foot office building in Woodland Hills, CA, is the fifth property in a five property portfolio buy worth $143.5 million.

As GlobeSt.com first reported, back in June, the firm purchased the portfolio, totaling 700,000 square feet, with a 37% stake in the properties with the remaining equity owned by Kennedy Wilson Real Estate Fund IV, Fairfax Financial and the LeFrak Organization. The acquisition was a direct, off-market deal.

The Beverly Hills-based company, which says this increases its assets under management to $9.8 billion, declined to name the seller, but an unidentified source tells GlobeSt.com that the seller of the portfolio was Jamison Services Inc., a private company based in Los Angeles.