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Kennedy-Wilson Buys Three Office Buildings in Japan

LOS ANGELES-Real estate firm pays $30 million for 75,000 sf of office space in central Tokyo.

By David W. Myers | Updated on October 02, 2000

LOS ANGELES-Kennedy-Wilson Inc., the fast-growing real estate services company based in Beverly Hills, has purchased three office buildings in central Tokyo for a combined $30 million.

The three properties have a total of about 75,000 sf and are an average of 98% leased, says Richard Mandel, president of Kennedy-Wilson’s Commercial Group. The company’s Japanese unit will also asset-manage the properties, raising the firm’s portfolio in Japan to seven buildings with a total value of about $200 million.

Founded in 1977 primarily as a real estate auction house, Kennedy-Wilson has since grown into a diversified international real estate services firm with eight large offices in the US, one in Tokyo and another in Hong Kong.

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