Backlot Burbank, a 12-building, 302,869 square-foot industrial business park in Burbank, CA was acquired by Newport Beach, CA-based BKM Capital Partners for $84.75 million.
CBRE represented the seller, a joint-venture between Shubin Nadal Associates and Penwood Real Estate Investment Management, LLC, through its fourth value-added investment vehicle, Penwood Select Industrial Partners IV, L.P.
The property at 4100-4210 W. Vanowen Pl., 2303-2333 N. Valley St., and 4400-4510 W. Vanowen St. is located between the Interstate 5 and State Route 170 freeways, and directly adjacent to the Hollywood/Burbank Airport. The industrial business park is currently 100% occupied by a diverse range of 16 different tenants, with unit sizes ranging from 6,000 to 100,217 square feet.
BKM Capital Partners’ Brian Malliet says Backlot Burbank is one of the only business park assets in Burbank. The company plans to implement a series of capital improvements to the property, including new roofs, paint, and tenant and monument signage.
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.