KEARNY AND MORGAN STANLEY SELL 183,400-SQUARE-FOOT OFFICE BUILDING

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LOS ANGELES — In partnership with Morgan Stanley Real Estate Investing, Kearny Real Estate Co. has sold a three-story, 183,400-square-foot office building to Kaiser Foundation Health Plan, a unit of Kaiser Permanente. The transaction completes the sale of the 13-building, 42-acre Kearny South Bay Business Park, the former site of the U.S. headquarters for Nissan North America. CB Richard Ellis’ John Ayoob represented the Kearny-led partnership in the transaction, and Steve Solomon of Jones Lang LaSalle represented the Kaiser Foundation.

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