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CIM Provides $96M Loan for Scottsdale’s Galleria Corporate Center

CIM Group closed on a $95.6 million bridge loan provided to Stockdale Capital Partners, the owner of Galleria Corporate Center in Scottsdale. The property includes a roughly 546,000-square-foot creative office building connected by a skybridge and an adjacent ten-story parking garage located at 4301 – 4343 North Scottsdale Rd.

The property, located in the heart of Old Town Scottdale, was rated a 90 walk score due to its close proximity to the best collection of restaurants, nightlife, retail, and hotels in the area. Galleria Corporate Center is also a short walk to Scottsdale Fashion Square.

CIM is a Los Angeles-based owner, developer and operator of commercial properties. The financing reflects CIM’s strategy of also providing construction, bridge, and repositioning loans to developers of condominiums, apartments, hotels, mixed-use and entertainment projects in major markets across the United States.

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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 integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment 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. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s 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.

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