Kennedy Wilson Buys Hamilton Landing

Kennedy Wilson buys Hamilton Landing.
   
Kennedy Wilson buys Hamilton Landing in Marin County for $115 million.
   
Hamilton Landing was created in 1932 as an Air Force base, decommissioned in 1974, then converted into creative office space in phases between 2000 and 2008.  It's now a wholly-owned campus with seven buildings across 20 acres.  The site overlooks protected wetlands and includes outdoor paths, bike racks, locker rooms, and a cafe.
   
William McMorrow of Kennedy Wilson said: ‘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.  We are pleased with the value we added to our recently sold multifamily assets over our ownership period and encouraged by the opportunities that this supply-constrained commercial market presents, including the relative affordability of rents, compared to San Francisco.’

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