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California  + Orange County  + Office  | 

Brea MOB, Industrial Assets Acquired for $47M

HPA Realty, Inc. acquired roughly 195,000 square feet of industrial and medical office space within Brea Imperial Centre for $47.3 million. The properties are located at 2727 and 2767 Imperial Highway, with one of the anchoring tenants as St. Jude Medical Center.

HPA’s James McGrade indicated the purchase was made through HPA’s Growth Fund, as a strategic investment in the future growth and planning of the hospital. The acquisition follows a recent purchase of another medical office building at 101 Laguna Road in Fullerton.

HPA represented the buyer, and will also serve as the leasing and property manager for the property. Voit Real Estate Services’ Liz Hurley and Ron Heim represented the undisclosed seller.


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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.

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