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Northwestern Mutual Acquires Office Building In Palo Alto, CA

Northwestern Mutual has acquired a leasehold interest in 3330 Hillview, a two-story 29,744-square-foot office building in the Stanford Research Park in Palo Alto, CA. (PRNewsFoto/Northwestern Mutual)

Posted by Heidi Schwartz

Milwaukee, WI-based Northwestern Mutual has acquired a leasehold interest in a two-story office building in the Stanford Research Park in Palo Alto, CA. The company’s real estate investments enhance its dividend-paying capacity while supporting economic growth in the communities in which it does business.

The acquisition “represents a unique opportunity for Northwestern Mutual to complete an acquisition in the growing West Coast market,” noted Jory Halperin, Director, Northwestern Mutual Real Estate Investments, LLC. “We are excited about making an investment in one of the top-tier office markets in the country with a property we believe will continue to generate strong returns for our policyowners.”

Northwestern Mutual Real Estate Investments, LLC is the wholly owned subsidiary and authorized representative of Northwestern Mutual for the management of Northwestern Mutual’s real estate portfolio.

An essential ingredient in maintaining Northwestern Mutual’s financial strength and ability to deliver value to policyowners is the performance of the company’s $174 billion general account investment portfolio, whose assets back the company’s insurance and annuity products.

The investment earnings generated by this portfolio produce capital that helps build the company’s strong financial base. They are also the primary determinant of the interest component of the dividend scale for traditional permanent life insurance policies.

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About The Author

Schwartz joined Group C Media in April 1989 as managing editor of Today's Facility Manager. In September 2012, she transitioned to a new role dedicated to developing online content for Business Facilities and Today's Facility Manager. Schwartz can be reached at [email protected]

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