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Brookfield Asset sells Calif. office campus to Kennedy Wilson for $160M

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Brookfield Asset sells Calif. office campus to Kennedy Wilson for $160M

Real estate investment company Kennedy-Wilson Holdings Inc. picked up an office campus in West Hills, Calif., for $160 million from Brookfield Asset Management Inc., The Real Deal reported, citing unnamed sources.

The price for the 987,420-square-foot Corporate Pointe at West Hills on Fallbrook Avenue translates to $162 per square foot.

The asset sits on an 80-acre land and features 10 multilevel buildings, a 144-seat amphitheater, a cafe and 969 car parking spaces, among other facilities. Brookfield acquired the complex in January 2013 from Bentall Kennedy for $92 million, according to the Jan. 16 report.

A Brookfield spokesperson confirmed the deal, while Kennedy Wilson did not answer requests for comment, the publication added.