Meridian Acquires International Place for $100M

Bethesda, MD-based The Meridian Group acquired International Place, a 12-story office asset in Rosslyn, VA from Boston-based Beacon Capital Partners for more than $100 million. The acquisition was made by the developer’s Meridian Realty Partners II LP fund, which focuses on value-add plays near Metro stops.

Meridian’s Gary Block says the 90% occupied 293,539-square-foot asset is an “older, Class B building” in an “A-plus location.” The company believes Rosslyn is primed for growth.

Beacon Capital acquired International Plaza in 2007 for $99 million and completed $4.4 in capital improvements, including a 5,000-square-foot fitness center and conference center. Meridian plans to complete additional renovations to re-position the property.

Cushman & Wakefield’s Bill Collins and Paul Collins represented Beacon. CBRE’s Malcolm Schweiker and Erik McLaughlin handled leasing prior to the sale.

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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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Meridian Acquires International Place for $100M

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Meridian Acquires International Place for $100M

Inside The Story

About Dennis Kaiser