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California  + Bay Area  + Office  | 

Dermody Acquires Four Buildings in Fremont

Dermody Properties purchased four buildings at Fremont Research Center in Fremont, CA  for a reported $36.4 million. The buildings, totaling 191,703 square feet, are 87% occupied by tenants in clean technology, R&D and advanced manufacturing.

Dermody’s Douglas A. Kiersey, Jr., says, “The acquisition of Fremont Research Center is consistent with our strategy of acquiring value-add, functional, infill logistics and light manufacturing assets in Tier 1 markets. The barriers to entry in the Silicon Valley submarket are very high, and submarket occupancies are at or near record levels. We believe these market fundamentals will drive growth in asset value.”

The property is located along Silicon Valley’s I-880 Corridor, south of the Fremont Innovation District and near the newly-opened Warm Springs BART station. The buildings include 47513, 47600, and 47621/47633 Westinghouse Dr., and 255 Fourier Ave.

NKF’s Steve Kapp and Chris Shaffer, along with Cushman & Wakefield’s Adam Lasoff, Eric Fox and Steve Hermann, brought the opportunity to the buyer.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Dermody Properties’ Kiersey, Jr.Connect With NKF’s KappConnect With Cushman & Wakefield’s Lasoff

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
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