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California  + Bay Area  + Office  | 

Graymark Claims Palo Alto Site Eyed for Life Science, Alternative Tech Conversion

San Francisco-based Graymark Capital acquired a vacant single-story office/R&D asset in Palo Alto, reportedly for $15.7 million in the San Jose Mercury News, with plans to reposition the two-building 24,000-square-foot property into a life sciences-focused facility. The flexible design will equally accommodate emerging sectors such as automotive tech, food tech and/or robotics/artificial intelligence.

Located at 3960-3980 Fabian Way, the asset was recently vacated by a medical device company building a digital surgery platform. Graymark will be making a multi-million-dollar capital investment in the Silicon Valley property to complete the conversion.

Cushman & Wakefield’s Kalil Jenab, Ben Paul and Steven Jenab represented the buyer. The unnamed seller was represented by Stetson Earhart’s Brad Martin.

Paul says, “Graymark’s plans for this strategic location come at the right time and will fulfill a critical need for market-ready and flexible lab space deliverable very soon. Demand is now a four-legged table and Graymark will meet that demand.”

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.

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