Kennedy Wilson purchases creative office campus in Bay Area

JLL completes $115 million sale of the landmark adaptive-reuse project

December 04, 2019

SAN FRANCISCO, December 4, 2019 – JLL announced today that it has closed the $115 million sale of Hamilton Landing, a landmark, Class A creative office campus and development site totaling seven buildings and 406,468 square feet in the Marin County community of Novato, California. 

JLL represented the seller, a joint venture between ScanlanKemperBard Companies and Independencia Asset Management and procured the buyer, Kennedy Wilson. 

Originally developed as Hamilton Field Air Force Base in the 1930’s, Hamilton Landing has transformed from historic airplane hangars into a premier destination for creative office/open platform users that is widely considered one of the most successful adaptive re-use projects on the West Coast. The two-story buildings were redeveloped in 2000 and feature large, efficient floor plates supporting flexible suite sizes, open ceiling collaborative space, ceiling heights ranging from 13’ to 28’ and a unique raised floor system for energy efficiency and flexibility. On-site amenities include a café and outdoor tenant space. Hamilton Landing is 92.3% leased to a diverse tenant roster of globally recognized companies, including video gaming, medical technology and client facing tenants. In addition to the seven existing buildings, the sale included the opportunity to develop Hangar 8 into a two-story, 56,136-square-foot office building. 

Hamilton Landing is strategically located near the intersection of U.S. Highway 101 and State Highway 37, which provides excellent access to executive housing and labor pools located in Marin and Sonoma Counties, as well as easy commutes from East Bay. Additionally, the property is less than one half of a mile from the SMART Train extension, which connects the property by rail to the entire Bay Area.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Gerry Rohm and Michael Leggett and Senior Director David Dokko.

As noted in JLL’s Marin County Q3 2019 Office Insight, the Marin County office market maintained a steady momentum through third quarter as the economy continues to expand and investors express firm interest in the market with year-to-date sales in third quarter up 80% from 2018.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc., a licensed real estate broker. CA RE Broker License No. 01856260.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About ScanlanKemperBard

SKB is an established real estate merchant banking firm based in Portland, Oregon. Since its inception in 1993, SKB has originated total portfolio activity of $3.9 billion, including equity invested of $1.38 billion, comprised of 27.3 million square feet of office, industrial and retail space and 2,055 residential units plus hospitality in 2014. With longstanding relationships in each of their markets, SKB has the ability to source, structure and execute value creation across a wide spectrum of real estate opportunities. Visit SKB online at

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a global real estate investment company. The firm owns, operates and invests in real estate on its own and through its investment management platform. Kennedy Wilson is focused on multifamily and office properties in the Western U.S., U.K. and Ireland. Headquartered in Beverly Hills, Kennedy Wilson has 16 global offices located throughout the U.S., Europe and Japan.