Kensington Investment Group is pleased to announce the purchase of 28 Second Street in San Francisco. Kensington purchased the 7 story building for $20 million as a part of an exchange. Built in 1914, the building is 27,502 square feet and features exposed brick walls, floor to ceiling windows, and 3,800 square foot floor plates. The property benefits from its close proximity to multiple transportation lines including the Montgomery Muni/BART station and the newly built Transbay terminal. In addition there is an abundance of nearby restaurant, bar, and fitness amenities.
The Board of Trade Building in downtown Portland located at 310 S.W. Fourth Ave has been purchased by California based Kensington Investment Group, LLC for $18 Million, adding 88,797 square feet of office space to their Portland portfolio. Situated within the Ankeny Blocks in the technology triangle in Portland’s central business district, the building was previously owned by New Urban Properties, LLC.
Kensington Investment Group, LLC has added over 55,000 square feet to its Portland portfolio with the purchase of the Fiserv building located at 4550 SW Macadam Avenue in John's Landing. Kensington purchased the property for $12.25 Million from 4550 Macadam Partners LLC. Kensington worked with Robert Niehaus of Niehaus Properties, Inc. and Dale W. Bernards of Canterbury Commercial LLC on the deal.
The Pettygrove building on the corner of NW 22nd Avenue and Pettgrove Street in Slabtown, one of Portland’s most desirable neighborhoods, has been purchased by Kensington Investment Group, LLC for $8.65 million. The building totals 45,000 square feet, and was previously owned and occupied by Laika Studios, Phil Knight’s animation studio that produces feature films, music videos, commercials and other media.
Hotel News Now featured Robert Jensen, principal at Kensington Investment Group, in its latest report, The Now Generation Takes Charge. The report asked seven young hotel leaders to discuss their challenges, changes and opportunities as the hotel industry transitions its focus towards the millennial age group. As a board member on IHG's Emerging Leaders Council under the Owner's Association, Mr. Jensen shares his insights on today's brand standards and how millennials will continue to impact the travel industry.
The national gym franchise Planet Fitness, has signed a lease at Shute Park Plaza in Hillsboro, Oregon along the Tualatin Valley Highway. This was confirmed by a representative from Kensington Investment Group, LLC, a family-owned investment company that owns and operates the center.