Hines Sells Denver-Area Flex/Office Portfolio for $78.5M

Houston-based Hines sold a 10-building flex office portfolio in the Denver metro market to a partnership consisting of New York-based Investcorp, and Houston-based Griffin Partners Inc. for $78.5 million. It is the largest deal of its type to trade hands in Colorado in the past decade.

The 95% occupied assets include 345 Inverness South, a three-building, 175,287-square-foot complex located in the Inverness Business Park that was completed in 2001. The second property is Arapahoe Business Park, a seven-building asset totaling 309,450 square feet that was completed between 1998 and 2001.

Newmark Grubb Knight Frank’s David Lee represented Hines in the transaction and will continue to manage the portfolio.

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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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Hines Sells Denver-Area Flex/Office Portfolio for $78.5M

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National CRE News In Your Inbox.

Hines Sells Denver-Area Flex/Office Portfolio for $78.5M

Inside The Story

About Dennis Kaiser