Regions West | Los Angeles
Kennedy Wilson Takes $94M Burbank Office Portfolio
April 1, 2008

Kennedy Wilson sponsored funds, KW Property Fund II and KW Property Fund III, in a joint venture, have acquired a portfolio of 3 office buildings, 303 North Glenoaks, 333 North Glenoaks and Burbank Executive Plaza, located in Burbank, Calif. for $94.1 million, it has reported. The properties are situated on a single block in downtown Burbank. The 303 North Glenoaks Ave. property, a 10-story office building with mezzanine and basement levels totaling 177,000 square feet, was built in 1983-1984 along with a 6-story parking structure, and renovated in 1996. The 333 North Glenoaks Ave. office building has 6 stories totaling 86,700 square feet and was built in 1978. The 300 East Magnolia, also known as Burbank Executive Plaza, asset is a 6-story office building totaling 64,000 square feet and was built in 1984.

 
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