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Netflix also signed a coterminous lease extension for 325,757 square feet of office space at Hudson Pacific's ICON and 91,953 square feet of office space at the firm's CUE office buildings.
The portfolio includes 23 properties in Missouri, 10 in California, six in Arkansas and two in Nevada, all of which represents nearly the entirety of the company's operational real estate.
Kennedy Wilson's ownership in CB3 is 50%, with an initial equity investment of €68 million or approximately $79 million. Kennedy Wilson will act as the development and asset manager of the property.
The San Diego-based real estate owner and operator acquired the 235,214-square-foot property in the Warner Center/Woodland Hills area of Los Angeles for $93 million from Fairfield Warner LLC.
Los Angeles-based architectural firm Jerde joins a 10-day trade mission in Asia led by Mayor Garcetti to boost Asian investment and tourism in Los Angeles.