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KKR Buys Silicon Valley Office Campus

KKR Real Estate Select Trust has acquired HQ @ First, a 603,000-square-foot office campus fully leased to an investment-grade tenant.

KKR’s fund KKR Real Estate Select Trust has acquired HQ @ First, a 603,000-square-foot office campus in Silicon Valley, from Japanese developer MORI TRUST CO. The property is currently fully leased to an investment-grade tenant. The sales price of the campus was not disclosed.

Located in North San Jose, the property is a trophy asset, featuring 60,000 square-feet in lab space and it has a LEED certification. According to KKR, the property is part of the fund, KREST’s single-tenant investment strategy, which targets high-quality properties leased to a single tenant on a long-term basis. With this purchase, KREST has a portfolio totaling more than $1 billion.

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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