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California  + San Diego  | 

CushWake Completes Trio of Self Storage Deals for $85M

Connect Bay Area is coming up May 17th. Here is where to get more information and register.

Three separate self storage sales transactions were closed across California totaling $84.5 million in value. The deals involved more than 340,000 rentable square feet at properties in San Diego, Los Angeles and San Jose.

The transactions consisted of:

– Fenton Street Self Storage, a recently-completed, 86,000-square-foot facility located in San Diego’s Eastlake area. The buyer was Strategic Storage Trust, which plans to operate it under the SmartStop Self Storage brand. Cushman & Wakefield’s Greg Wells represented both buyer and seller.

– Magellan Storage, Commerce (pictured) is a more than 140,000-square-foot, Class A, institutional-quality asset located in central Los Angeles. A joint venture between US Storage Centers, and an unnamed institutional private equity firm acquired the asset. Cushman & Wakefield’s Wells and David Hasbrouck handled the transaction on behalf of the seller.

– Storage Solutions, San Jose, a converted warehouse building located in the Diridon Station area of downtown San Jose, was purchased by a joint venture between Trammel Crow and Google, Inc. The property is planned to be a part of the proposed Google village campus. Cushman & Wakefield’s Wells, Eric Fox and Adam Lasoff represented the seller.

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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.

  • ◦Sale/Acquisition
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