California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Office  | 

Columbia Completes $78M Sale of Pasadena Corporate Park

Columbia Property Trust Inc. completed the sale of Pasadena Corporate Park, a three-building office complex containing 260,000 square feet in Pasadena, CA, for a gross sales price of $78 million. The buyer of the property at 3475 E Foothill Blvd., was unnamed. (4-16-20: Subsequently, Connect Media learned the buyer was Cherng Family Trust, an affiliate of Panda Restaurant Group.)

In 2019, Columbia secured a 65-month renewal at the complex with environmental consulting and engineering firm Tetra Tech for 61,000 square feet. Other tenants at the 94%-leased asset include Green Dot, a provider of low-cost banking and payment solutions.

The complex was built in 1961, and underwent a major adaptive reuse renovation to convert the three buildings of lab space to offices in from 1999 to 2001. Rising Realty Partners manages the asset.

Get CRE News in 150 words

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With Columbia Property Trust

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.