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Seattle & Northwest  + Office  | 

Alexandria Acquires Seattle SLU Site Slated for Development

Alexandria Real Estate Equities, Inc. acquired 601 Dexter Avenue North in Seattle from Base Properties LLC for $28.5 million. The deal involves a 23,632-square-foot land parcel, and the Copiers Northwest and BluZebra building.

The South Lake Union property allows development of a roughly 200,000-square-foot building. MZA Architecture designed a 12-story office building for the sellers (pictured), though it is unclear if the buyer plans to continue with that plan post-acquisition.

Kinzer Partners Capital Markets’ partner Stuart Williams led the team on the sale.

Williams says, “This is an outstanding opportunity in the heart of South Lake Union. The location on the corner of Mercer Street and Dexter Avenue is great for both visibility and transportation.”

Amazon.com is the primary growth engine for the entire Seattle CBD, notes Kinzer. The neighborhood is also home to major life science office and research companies, including Fred Hutchinson Cancer Research Center, Novo Nordisk, Juno Therapeutics, Seattle Cancer Care Alliance and PATH.

For comments, questions or concerns, please contact Dennis Kaiser

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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.

  • ◦Development
  • ◦Sale/Acquisition
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