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Phoenix & Southwest  + Southwest  + Industrial  | 
RCLCO has opened a Denver office, which will be led by RCLCO Fund Advisors' Cyndi Thomas

Brookfield Buys Seven-Property Southwest Industrial Portfolio for $25M

Brookfield Property Group acquired seven single-tenant industrial properties from privately-owned investment firm, Lowenberg Corporation. The multi-state industrial portfolio was purchased for $24.765 million.

The properties are located in key infill locations in top U.S. metropolitan areas; including Anaheim, San Diego, Denver, Phoenix, Las Vegas, Sacramento and Austin. Cumulatively, the properties are situated on 13.22 total acres of land and occupy roughly 80,069 square-feet. All are fully-leased to Penhall Corporation and currently operated as equipment yards with small industrial buildings on-site.

Colliers’ Michael Kendall, Greig Lagomarsino and Gian Bruno represented the seller in the transaction. The buyer was self-represented.

Addresses and square footage for each property are:

  1. 5775 Eastgate Dr., San Diego, 6,400 square feet
  2. 8416 Specialty Circle, Sacramento, 7,500 square feet
  3. 4755 W. University Ave., Las Vegas, 9,900 square feet
  4. 3801 E. Wood St., Phoenix, 12,877 square-feet
  5. 1385 Umatilla St., Denver, 14,830 square feet
  6. 4201 Felter Lane, Austin, 8,000 square feet
  7. 1801 Penhall Way, Anaheim, 20,562 square feet

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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.