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California  + Los Angeles  + Office  | 

Connexion Burbank Goes for $124M

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Connexion Burbank, a three-building, urban office campus totaling 337,904 square feet in downtown Burbank, CA has sold for $123.5 million. The buyer was Intercontinental Real Estate Corporation, while the seller was a joint venture between Lincoln Property Company and Angelo Gordon.

Located on more than three acres at 303 N. Glenoaks Blvd., 333 N. Glenoaks Blvd. and 300 E. Magnolia Blvd., the 91%-occupied properties were built between 1978 and 1984 and were recently updated. The renovation and rebranding, which totaled nearly $8 million, included lobby upgrades, two new outdoor decks that tier down into an open patio area, extensive plaza renovations, new common areas and other modern enhancements.

NKF Capital Markets’ Kevin Shannon, Rob Hannan, Michael Moll and Laura Stumm represented the seller, along with Lincoln Property Company’s Kent Handleman and CBRE’s Doug Marlow, who served as local market leasing advisors in the sale. The buyer was self-represented.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect With Intercontinental Real Estate CorporationConnect With Lincoln Property CompanyConnect With NKF Capital Markets’ Shannon

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.

  • ◦Sale/Acquisition
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