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Seattle & Northwest  + Washington  + Office  | 

Facebook $286M Deal New Seattle High-Water Mark

Facebook’s new regional headquarters in Seattle was acquired by a German investment firm for $286 million, the market’s largest deal so far this year. The 10-story, 335,000-square-foot building was sold by San Francisco-based Stockbridge Capital Group and Seattle-based Capstone Partners to Dusseldorf-based Commerz Real, a real estate arm of Commerzbank Group.

The office houses roughly 1,000 Facebook employees, and is the largest engineering site outside of the social networking giant’s Menlo Park, CA HQ. Facebook leased space at the Frank Gehry-designed building at 1101 Dexter Ave. N last year, and invested roughly $50 million in expanding its space.

Facebook also plans to occupy space in two other nearby South Lake Union offices, including 150,000 square feet at 1101 Westlake and 383,900 square feet at Vulcan Real Estate’s Arbor Blocks complex.

Eastdil Secured advised the sellers. RFR Group, the JV partner of Commerz Real, will handle asset and property management.

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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