16 Acre Santa Clara Campus Trades Hands

2305 Mission College Blvd Offers Excellent Location to a Quality Tenant

Santa Clara, CA  – Today Prudential Real Estate Investors purchased 2305 Mission College Boulevard from a joint venture between Kinship Capital and Pearlmark Real Estate Partners. The property is approximately 16 acres with a 358,000 square foot office and R&D facility that is 100% leased to General Dynamics.

Nick Thomson and Ethan Meers of Kinship Capital, Tim McChesney of Pearlmark, and Tim Hennessey of Prudential Real Estate Investors were the lead executives working on the deal. Prudential plans to reposition the asset over the next few years.

“We are very pleased with the outcome of this investment and are eager to acquire more projects in the Silicon Valley region, with ample equity capital available to invest in 2015 and beyond,” said Nick Thomson, Principal of Kinship Capital. Pearlmark Managing Director Tim McChesney added: “Pearlmark is a big believer in the long term economic forces that drive Silicon Valley and our plan is to continue to source attractive Bay Area investment opportunities on behalf of our valued capital partners like Kinship Capital.”

Kinship Capital and Pearlmark acquired the property in 2013 and were specifically attracted to its outstanding location and quality tenancy. Ownership held the property for cash flow while the market strengthened. Prudential Real Estate Investors was selected as the buyer following a marketing effort by Jeff Arrillaga and Phil Mahoney of investment sales group Newmark Cornish & Carey.

About Kinship Capital
Kinship Capital is a real estate investment firm founded on 125 years of family business success. The company makes growth-oriented and duration-driven investments in the U.S. across a variety of product types including office, retail, multi- family, hospitality, and industrial real estate. The team leverages its institutional scale portfolio while bringing an entrepreneurial approach to the investment process. Kinship has the added advantages of structural flexibility and a 50 year investment horizon. Kinship owns office, multifamily, and industrial assets in the San Francisco Bay Area and is pursuing additional investments in the region. For more information, please visit www.kinshipcapital.com

About Pearlmark Real Estate Partners
Chicago-based Pearlmark Real Estate Partners is a private equity real estate investment firm that pursues domestic, value- added and core/core-plus strategies through institutional commingled investment vehicles and separate accounts. Since its inception in 1996, the firm has made more than 500 office, industrial, retail, multifamily, and mezzanine loan investments nationwide, representing a gross investment of over $12 billion. Pearlmark and its partners including insurance companies, public and private pension funds, foundations and endowments, banks, corporations, and high net worth individuals and families, have committed over $4.5 billion of equity capital to the firm’s investment activities. The company currently employs approximately 35 professionals. For more information, please visit www.pearlmarkrealestate.com.

About Prudential Real Estate Investors
PREI® is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, N.J., the company also has offices in Atlanta, Chicago, Miami, New York, San Francisco, Frankfurt, Lisbon, London, Luxembourg, Munich, Paris, Abu Dhabi, Mexico City, Hong Kong, Seoul, Singapore, Sydney, and Tokyo. The company also has a representative presence in Rio de Janeiro. PREI has gross assets under management of USD $55.8 billion (US$41.8 billion net assets), as of March 31, 2014. For more information, please visit www.prei.com

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than $1 trillion of assets under management as of June 30, 2014, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com

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