Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Seattle & Northwest  + Office  | 

Beacon Capital Picks up Seattle Office-Lab Facility for Nearly $51M

An entity affiliated with Boston-based Beacon Capital Partners acquired a four-story Seattle office and lab building from San Francisco-based Elliott Bay Ventures for $50.7 million. The 1980-built building at 3005 First Ave. in Belltown totals roughly 70,000 square feet of space.

The buyer was BCal 3005 Property LLC, an entity associated with Beacon Capital Partners and CalSTRS, the pension fund for California teachers.

The former Econet building has reportedly undergone significant upgrades including the addition of office space in the four-story atrium. Tenants at the building include Plant Health Care Inc., Universal Cells and Universa.


Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser

*Photo courtesy of Kaleb Group

Connect

Inside The Story

Connect With Beacon CapitalConnect With CalSTRS

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.

  • ◦Sale/Acquisition
Chase-19-cube