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Kennedy-Wilson Holdings buys Wash. office complex for $153M

Kennedy-Wilson Holdings Inc. said it paid $153 million to acquire the 90 East office campus in Issaquah, Wash., in an off-market transaction.

The 573,000-square-foot campus comprises three class A office buildings. The 20-acre asset is fully leased to Microsoft Corp. and Costco.

The seller was a consortium comprising Talon Private Capital and Cerberus Capital Management, the Puget Sound Business Journal reported, citing public records. The property previously changed hands for roughly $128.3 million in early 2015, the report noted.

The company said it invested $76 million in equity for the acquisition and also received a $77 million, 10-year, interest-only loan at a fixed rate of 3.85%.