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Seattle & Northwest  + Portland  + Office  | 

ASB Acquires Portland Creative Office Building for $68M

Bethesda, MD-based ASB Real Estate Investments acquired a 117,591-square-foot creative office building in the Portland, OR’s dynamic, close-in Slabtown neighborhood for $67.5 million. The purchase from Cairn Pacific and Capstone, along with its institutional investment partner, was made on behalf of the ASB Allegiance Real Estate Fund, a $7.5 billion core investment vehicle.

Located at 2175 NW Raleigh St., the brick-façade Leland James Building was constructed in 1973 and fully redeveloped in 2018. The asset features large 36,000-square-foot floorplates, up to 15-foot ceiling heights, and underground parking for 74 cars and 124 bicycles. The LEED Gold-certified property is 80% leased, anchored by two large tenants: the Regus co-working brand, Spaces, and the headquarters of Jet Global, a leading world-wide data analytics firm.

NKF’s Nick Kucha, James Childress and Bill DeLacy acted as the sole broker on behalf of the seller.

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.

  • ◦Sale/Acquisition
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