One Enterprise, a Class A, 111,391-square-foot office building in Aliso Viejo, CA, has traded hands for $59 million. The four-story property is situated on 7.27 acres at 1 Enterprise, near the 73 toll road within the master-planned south Orange County city.
The asset was built in 1999 and underwent a recent renovation. It is fully occupied by Microsemi Corporation and Ambry Genetics. It features lush landscaping, first floor lobby, large corporate boardroom, executive kitchen, cafeteria, gym with locker rooms and showers and panoramic Saddleback Valley views.
The private 1031 exchange buyer, BDC, was represented by NKF’s Nick Kucha. NKF’s Paul Jones, Kevin Shannon, Brunson Howard, Blake Bokosky and Brandon White represented the seller, AEW.
Jones says, “The south Orange County area has seen multiple years of positive net absorption and consecutive quarters of positive rent growth. Since being developed, 1 Enterprise has always been occupied by one or two users, and has never experienced vacancy.”
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.