KKR completed the acquisition of HQ @ First from MORI TRUST for $535m.

KKR completed the acquisition of HQ @ First, a 604k square-foot Silicon Valley office campus, from MORI TRUST, a Japan-based major real estate developer, for $535m. “HQ @ First is a marquee property with great amenities, including onsite lab facilities, and access to Silicon Valley’s immense pool of talent. We believe well-located, trophy assets that can deliver a dynamic work environment for innovative growth companies will have significant staying power and long-term value. We are excited to add this property to KREST’s portfolio as part of our prime single tenant strategy," Justin Pattner, KKR Partner and Head of Real Estate Equity in the Americas.