State Farm Selects The Oaks At Westlake
BEVERLY HILLS, Calif.-(Business Wire)-September 15, 2009 - KW Commercial Investment Group, a division of the international real estate services and investment firm Kennedy Wilson welcomes State Farm Mutual Automobile Insurance Company to The Oaks At Westlake. The Oaks is one of the premier office buildings in the Westlake Village/Thousand Oaks market and boasts one of the most recognizable locations in the Conejo Valley.
State Farm Mutual Automobile Insurance Company, the leading US personal lines property/casualty company and the #1 provider of auto insurance in the United States has leased 58,751 square feet of office space for a 5-year term at One Baxter Way in Thousand Oaks, CA. The Oaks At Westlake, a 355,000 SF, Class “A” office building is now 87% leased. Other major tenants at the building include Baxter Healthcare Corporation and Verizon California. Built into a hillside, the property is ideally located with significant frontage on the 101 Freeway and convenient dining and shopping for tenants.
State Farm was represented by Dennis Richardson of Cushman & Wakefield of California, and the landlord, One Baxter Way, L.P., was represented by David Solomon, Matt Heyn and Troy Pollet of CB Richard Ellis, and in-house by John Prabhu and Mickey Isen of Kennedy Wilson. “We are very excited about welcoming State Farm to one of our premier properties,” said Barry Schlesinger, Co-CEO, KW Commercial Investment Group. State Farm will be taking occupancy of its new space in January of 2010.
Founded in 1977, Kennedy Wilson is a vertically-integrated real estate investment and services company headquartered in Beverly Hills, CA with 21 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the United States and Japan. Visit www.KennedyWilson.com for more information.
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