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California  + Inland Empire  + Industrial  | 

CBRE Completes Sale-Leaseback with Seafood Producer-Distributor

CBRE completed the sale and leaseback of a three-property industrial portfolio located in the core markets of Los Angeles and New York City. The 139,713-square-foot portfolio is fully leased to Aquamar Holdings, a newly formed platform in the surimi seafood market.

The three properties in the portfolio are industrial food-grade production and distribution facilities, with a freezer-cooler component. The locations are 9121 Utica Avenue and 10888 7th Street in Rancho Cucamonga, CA., and 100 Raskulinecz Road, Carteret, NJ.

CBRE Corporate Capital Markets Andrew Sandquist, JC Asensio and Briggs Goldberg represented the unnamed Michigan-based seller in the transaction. The buyer is an undisclosed New York-based public REIT.

CBRE’s Asensio says, “The strong interest in the offering further evidences the robust demand for industrial investments in core-plus submarkets serving gateway cities like Los Angeles and New York City.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
  • ◦Lease
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