{"id":1004162423,"date":"2016-12-23T05:07:21","date_gmt":"2016-12-23T13:07:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162423"},"modified":"2022-12-08T12:50:18","modified_gmt":"2022-12-08T20:50:18","slug":"jv-acquires-2-properties-in-sf-financial-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/","title":{"rendered":"JV Acquires 2 Properties in SF Financial District"},"content":{"rendered":"<p><em>By IvyLee Rosario<\/em><\/p>\n<p><strong>San Francisco<\/strong>\u2014Kennedy Wilson, in a joint venture with Takenaka Corp. announced the acquisition of 400\u00a0and 430 California St. in the North Financial District submarket of San Francisco. The 247,000-square-foot office tower and 27,000-square-foot bank branch sold for $135 million. Kennedy Wilson&#8217;s asset management strategy includes a full-scale repositioning of the property, including a renovation of the lobby and other interior upgrades. James Andrew International advised Takenaka Corp. in the transaction.<\/p>\n<div id=\"attachment_1004162437\" style=\"width: 331px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004162437\" data-attachment-id=\"1004162437\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/400-california-st\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png\" data-orig-size=\"480,360\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"400 California St.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;400 California St.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png?w=480\" loading=\"lazy\" class=\"wp-image-1004162437 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png\" alt=\"400 California St.\" width=\"321\" height=\"241\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png 480w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png?resize=300,225 300w\" sizes=\"auto, (max-width: 321px) 100vw, 321px\" \/><\/a><p id=\"caption-attachment-1004162437\" class=\"wp-caption-text\">400 California St.<\/p><\/div>\n<p>The property is fully occupied by MUFG Union Bank, who will leaseback the property and vacate the tower over the next two years on a staggered basis, and the bank branch after\u00a0four years. The office tower provides views of the skyline with a 10,000-square-foot deck over the roof of the bank branch and three additional exterior decks. The bank branch was designated in 1968 and offers convenient\u00a0access to the California Street cable car line, two BART stations and is a short walk from the Ferry Building.<\/p>\n<p>Takenaka Corp. had its first design\/construction project in San Francisco in the late 1960&#8217;s and has owned Hotel Nikko San Francisco since developing it in 1987. Kennedy Wilson and Takenaka&#8217;s first real estate transaction occurred in 1996 when the company successfully sold an office building on behalf of Takenaka in Los Angeles.<\/p>\n<p><em>Image courtesy of Kennedy Wilson<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.<\/p>\n","protected":false},"author":746,"featured_media":1004162437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,1609,15],"tags":[33237,33238],"class_list":["post-1004162423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-kennedy-wilson","tag-william-mcmorrow"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV Acquires 2 Properties in SF Financial District - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/","og_locale":"en_US","og_type":"article","og_title":"JV Acquires 2 Properties in SF Financial District","og_description":"Kennedy Wilson and Takenaka Corp. acquired a 247,000-square-foot office tower and a 27,000-square-foot bank branch for $135 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-12-23T13:07:21+00:00","article_modified_time":"2022-12-08T20:50:18+00:00","og_image":[{"width":480,"height":360,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png","type":"image\/png"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/","name":"JV Acquires 2 Properties in SF Financial District - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png","datePublished":"2016-12-23T13:07:21+00:00","dateModified":"2022-12-08T20:50:18+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/400-California-St..png","width":480,"height":360,"caption":"400 California St."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-acquires-2-properties-in-sf-financial-district\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV Acquires 2 Properties in SF Financial District"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. 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