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Admiral Capital Refinances Two Office Properties

Admiral Capital Group secured two loans totaling $41.3 million for the refinance of The Madison, a Class A office property in Phoenix’s Camelback Corridor (pictured) and for the refinance of Balboa Executive Center, a Class A office property in San Diego’s Kearny Mesa submarket. The funding was received by Admiral’s core-plus investment platform, A2R.

Located at 5343 and 5353 N. 16th St., The Madison comprises two buildings totaling 177,312 square feet. The property was recently renovated and features a 40-person training room facility, a conferencing center, and an on-site deli.

Balboa Executive Center, located at 9444 Balboa Ave., comprises one, five-story building totaling 120,992 square feet. The property was recently renovated and features a gym and outdoor seating. The properties were a combined 88% leased at the time of the financing.

The refinancing represents a significant achievement for A2R since it closed in the midst of the COVID-19 global pandemic. JLL’s Brent Bowman secured the financing for A2R.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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