KKR and TMG Partners buy 1221 City Center in downtown Oakland

|About: KKR (KKR)|By:, SA News Editor

KKR (NYSE:KKR) and TMG Partners purchase 1221 City Center, their second building acquisition in Oakland, CA, this year.

KKR is making the investment through its Real Estate Partners Americas II Fund.

1221 City Center is 99% leased. Existing tenants include Clorox, Union Bank, Stanford Health Care, Wells Fargo Bank and Parsons Brinkerhoff.

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