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Seattle & Northwest  + Washington  + Office  | 

Kilroy Divests Seattle Asset to Clarion for $135M

Kilroy Realty sold Plaza Yarrow Bay, a four-building multi-tenant office asset in suburban Seattle, for $134.5 million. The buyer was Los Angeles-based Clarion Partners.

The 284,313 institutional quality asset is located at 10220 NE Points Drive, 10230 NE Points Drive, 10210 NE Points Drive and 3933 Lake Washington Blvd in Kirkland, WA.

The lush campus setting features walking trails and outside decks and is positioned at the gateway to Seattle’s Eastside. The campus is near Microsoft’s Redmond headquarters, and offers immediate access to SR 520 and I-405, providing connectivity to Bellevue, Kirkland, Redmond and Seattle. Among tenants at Plaza Yarrow Bay are two Microsoft business partners, INRIX and Allyis.

NKF’s Kevin Shannon, Nick Kucha, Ken White, Michael Moll, and Bill DeLacy represented the seller. Shannon noted, “Plaza Yarrow Bay is one of the premier office assets in Kirkland, and sits at the gateway to Seattle’s Eastside with immediate access to four major hubs.”

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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