Japanese developer sells HQ @ First in Silicon Valley

KKR Real Estate Select Trust (KREST), a subsidiary of KKR, has acquired HQ @ First, a 603,666-square-foot Silicon Valley office campus, from MORI TRUST CO., a Japan-based major real estate developer. KREST is a continuously offered, registered closed-end fund open to all investors delivering access to income-oriented private real estate investments.

Located in North San Jose, HQ @ First is a class A, modern technology campus with three highly amenitized office buildings, including more than 60,000 square-feet in lab space, and a parking garage with 1,600+ spaces. The property holds a LEED Gold certification and offers direct access to the Silicon Valley’s premier global technology corridor, transportation infrastructure and best-in-class retail. The property is 100 percent leased on a long-term basis to an investment-grade rated, leading publicly traded global technology company and serves as the center of the company’s strategic West Coast footprint.

“HQ @ Firs