Capital One Closes $46.3M Loan with Brandywine for AstraZeneca Campus

Capital One provided a $46.3-million bridge loan to Brandywine Investment Group, an affiliate of Delle Donne & Associates, to finance the recent acquisition of the AstraZeneca North Campus in Wilmington, DE.

Brandywine Investment Group acquired the property from AstraZeneca in June 2017, and subsequently entered into an agreement with Delle Donne Associates to manage, develop and lease the property. AstraZeneca entered into a leaseback agreement with Delle Donne Associates.

The pharmaceutical company will maintain its North American HQ in two of the main buildings. The campus consists of 862,000 square feet of existing office space, and 842,000 square feet of potential future development.

Capital One Commercial Real Estate Group’s Jeff Wallace originated the transaction. The loan has an initial term of two years and a three-year extension option, contingent upon Delle Donne successfully subdividing the two leased buildings from the rest of the property.

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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.

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Capital One Closes $46.3M Loan with Brandywine for AstraZeneca Campus

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