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California  + Office  | 

Boston Properties Completes $511M SanMo Office Acquisition

Boston Properties, Inc. completed a $511-million acquisition of Colorado Center, a 15-acre office campus in Santa Monica, CA. The Boston-based REIT took a 49.8% interest from Blackstone Group and will serve as the managing partner of a joint venture with Teachers Insurance and Annuity Association, which own the balance of the asset.

The 1.1-million-square-foot property is Boston Properties’ first in the market, though additional acquisitions are expected to follow.

Eastdil Secured represented the seller, while LA Realty Partners’ Peter Best, Chris Houge and Tyler Jemmett will continue to handle leasing. The transaction marks the fourth time Eastdil Secured has sold the asset, going back more than 15 years.

Colorado Center benefits from a Media and Entertainment District location near a light rail line station. Eastdil Secured’s Stephen Silk says, “Transit has increased everyone’s interest in projects near the stops.”

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Inside The Story

Read More at Boston PropertiesConnect with Eastdil Secured's SilkConnect with LA Realty Partners’ Houge

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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