Kilroy Divests Assets, Land to HCP for $49M

Los Angeles-based Kilroy Realty Corp. sold a value-add life science campus portfolio in north San Diego to an affiliate of Irvine, CA-based HCP Inc. for $49 million. The transaction included two industrial properties totaling more than 135,000 square feet, as well as a nearly seven-acre land parcel.

The 18.6-acre Sorrento Mesa site’s two institutional-quality R&D buildings were constructed in 2002 at 4939 and 4955 Directors Pl. The land parcel is located at 4930 Directors Pl.

HFF Inc.’s Nicholas Psyllos, Ryan Gallagher, Michael Leggett and Nick Frasco represented the seller.

HCP’s holdings in San Diego include the General Atomics Life Science Building in Poway, and the Brookdale Carlsbad senior housing and assisted living facility. The REIT owns roughly 1,200 MOB, life science, senior housing, hospital and related healthcare properties nationally.

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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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Kilroy Divests Assets, Land to HCP for $49M

Inside The Story

About Dennis Kaiser

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Sub Markets

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National CRE News In Your Inbox.

Kilroy Divests Assets, Land to HCP for $49M

Inside The Story

About Dennis Kaiser