Kinship and Pearlmark Partnership Acquires Santa Clara Property, Plans Redevelopment

5301 Patrick Henry Drive Will Offer Class-A Creative Space in Excellent Location

Santa Clara, CA.– Today a joint venture between Kinship Capital, Pearlmark Real Estate Partners, and Insight Realty Company purchased 5301 Patrick Henry Drive in Santa Clara. The property is approximately 7 acres with a vacant 127,000 square foot office and R&D facility.

Nick Thomson and Ethan Meers of Kinship Capital, Ed Ryder of Pearlmark, and Dennis Randall, Matt Love and John Pringle of Insight were the lead executives working on the deal. The partnership plans to expand and redesign the building while increasing the parking capacity. Once complete, the project will offer Class-A creative office space with 25’ clear heights and a variety of amenities and features that will appeal to technology tenants in the marketplace.

Dennis Randall, Managing Director of Insight, stated, “We have worked for months to design a unique and special project that will be a standout leasing opportunity in a fantastic submarket. Insight is pleased to partner with Kinship and Pearlmark to acquire and redevelop the property.”

“We are confident that the finished product will be the best property in the submarket. Kinship is making significant efforts to acquire and develop commercial property throughout the Bay Area with a long investment horizon and ample equity capital available to invest in 2015 and beyond,” said Nick Thomson, Principal of Kinship Capital.

“We have worked with both Kinship and the Insight principals on other successful investments and we look forward to continuing those relationships with this unique and exciting project.” said Ed Ryder, Managing Director of Pearlmark.

The partnership acquired the property on December 19, 2014 and was specifically attracted to its outstanding location and redevelopment potential. The team expects to begin construction immediately and expects to deliver the finished project in 2016.

Jeff Arrillaga of Newmark Cornish & Carey will be leasing the project for the partnership.

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. For more information, please visit www.kinshipcapital.com

About Pearlmark Real Estate
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 30 professionals. For more information, please visit www.pearlmarkrealestate.com.

About Insight Realty Company
Insight Realty Company was formed through the strategic alliance of Epoch Realty Capital and Insight Development Partners. Together, Epoch and IDP bring a 15 year combined track record of acquiring, developing, and managing commercial real estate throughout the San Francisco Bay Area and Silicon Valley. Insight’s core business focuses on three disciplines, applied to commercial and residential product types; renovation and value add of existing buildings, adaptive re- use of obsolete structures and inefficiently zoned parcels, and entitlements and ground up redevelopment. Insight’s ability to source transactions and execute on its business models is derived from the direct experience of its three founding partners. Together, the partners bring to every deal an inordinate level of industry connections, a unique mix of deep interdisciplinary skillsets, and demonstrated success of execution. For more information, please visit www.insightrealtyco.com

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