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California  + Orange County  + Industrial  | 

CT Divests Four SoCal Industrial Assets for $75M

Newport Beach, CA-based CT completed the sale of four Southern California industrial buildings in two transactions totaling $75 million.

CT divested a 339,328-square-foot industrial building in northeast San Diego County for $44 million to General Atomic Aeronautical Systems, a leading manufacturer of Remotely Piloted Aircraft systems, radars and electro-optic and related mission systems solutions. The buyer plans to occupy 57% of the building located in the Poway Business Park at 12367 Crosthwaite (pictured above).

Kidder Mathews’ Mickey Morera and Colliers’ Ted Cuthbert represented both parties in the sale.

In a separate transaction, CT sold three newly-constructed industrial buildings for $31 million on Aerojet Avenue near the 210 Freeway in Azusa, CA. The 8.35-acre site was subdivided and developed with state-of-the-art distribution buildings totaling 185,273 square feet. CBRE’s Lynn Knox, Jason Chao, Case Dahlen and Cannon Chang provided marketing expertise and represented CT in the sale.


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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.

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