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California  + Bay Area  + Office  | 

EverWest Bags Burlingame Bay Office Park for $110M

EverWest Real Estate Investors, in partnership with a group of Partners Group’s clients, acquired Burlingame Bay Office Park in Burlingame, CA from Burlingame Bay LLC for a reported $109.7 million. The two-building, five and eight story asset sits on roughly 13 acres overlooking the San Francisco Bay, and encompasses 261,959 square feet.

EverWest’s Ryan Madson, who directed the property acquisition, says “The North Peninsula office market is enjoying exceptional conditions, with overall vacancy at just 6% and strong and broad tenant demand that will continue to benefit well-located, high-profile projects like Burlingame Bay Office Park.”

NKF’s Chris Moritz and Ramsey Daya arranged roughly $81.5 million in financing for the acquisition and repositioning of the property, which was placed with subsidiaries of Colony Credit Real Estate, Inc.

The mid-rise Class A property is located at 555 and 577 Airport Blvd. and was built in 1983 and 1998.

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
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