KKR Acquires Office Portfolio In San Jose For $535M

110, 120 & 130 Holger Way, an office property located in San Jose, was recently sold in a transaction valued at $535,000,000. The property spans a total area of 603,666 square feet, resulting in a price per square foot of $886. The sale took place on August 3, 2021. The buyer of the property was KKR, while the seller was Mori Trust Co. The deal was facilitated by Steven Golubchik, Edmund Najera, Jonathan Schafler, and Darren Hollak of Newmark.

Summary of Transaction Details:

• Property Type: Office
• Sale Price: $535,000,000
• Square Footage: 603,666
• Price Per Square Foot: $886
• Date: August 3, 2021
• Market: San Jose
• Address: 110, 120 & 130 Holger Way
• Buyer: KKR
• Seller: Mori Trust Co.
• Brokers: Steven Golubchik, Edmund Najera, Jonathan Schafler, and Darren Hollak - Newmark

The sale of 110, 120 & 130 Holger Way was a significant transaction in the San Jose market. The involvement of KKR as the buyer and Mori Trust Co. as the seller further highlights the importance of this deal. Steven Golubchik, Edmund Najera, Jonathan Schafler, and Darren Hollak of Newmark played a crucial role as the brokers representing the parties involved in the transaction.