ValueRock Completes Lake Forest Retail Redev, Plans Hotel

Irvine, CA-based ValueRock Realty Partners completed the retail portion of a redevelopment of Lake Forest Gateway Center, a 92,000-square-foot mixed-use property in Lake Forest, CA. The company also received Lake Forest City Council approval to construct a Springhill Suites by Marriott at the site. Upon completion of the hotel, the reinvestment and modernization program of the entire center will be in excess of $50 million.

The highly visible property, located at 23592 Rockfield Blvd. on Lake Forest Drive, is adjacent to the 5 freeway. Four existing buildings were demolished, and the center was redesigned. Three remaining buildings were renovated, and five new buildings were added.

The retail portion, which is now nearly 100% occupied, incudes such tenants as Nektar Juice Bar, Starbucks, IHOP, Sears Appliance Center, Dickey’s Barbeque Pit, Phenix Salon, Waba Grill and Which Which.

The 99-room hotel is slated to begin construction later this year, with completion set for 2018. ValueRock also recently completed a $36.1-million refinancing of the project with Deutsche Bank.

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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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