""Kennedy Wilson"":http://www.kennedywilson.com/, an international real estate investment and services company headquartered in[IMAGE]
Beverly Hills, California, announced Monday that it has agreed to acquire ""Sachse Real Estate"":http://www.sachsere.com/, a commercial brokerage and property management firm also based in Beverly Hills.
This combination will expand the retail capabilities of Kennedy Wilson's investments, brokerage, and management services offerings, and it will give Sachse Real Estate's retail operations a larger platform to source deals, provide equity, and invest in transactions.
""This gives my company an unprecedented opportunity to bring our platform together with the financial strength[COLUMN_BREAK]
and skills of Kennedy Wilson,"" said Ed Sachse, president of Sachse Real Estate. ""There's no other firm in this market that would not only provide my clients with increased services and resources but also allow opportunities to my team for equity investing.""
Sachse Real Estate serves the Los Angeles and Orange County areas with a focus on restaurants and high-end retail properties. Over a twenty-year history, the firm has executed more than $1 billion in gross sales and leasing. Its clientele includes household names such as Trader Joe's, Staples, Petco, Starbucks, and Chipotle, among others. In addition to the company's work in the retail sector, Sachse Real Estate has completed hundreds of thousands of square feet of major office leasing throughout Los Angeles.
Kennedy Wilson, which recently began trading on the New York Stock Exchange, said it stands to benefit from Sachse Real Estate's visibility in the Los Angeles retail markets. The collaboration is aligned with Kennedy Wilson's focus on acquisitions and growth since its November 2009 merger with Prospect Acquisition Corp., as stated in its recent earnings release.
""The addition of the Sachse Real Estate team to Kennedy Wilson provides our company with a unique retail competency and enhances our sourcing capabilities,"" said Jim Rosten, president of Kennedy Wilson Properties.