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California  + Orange County  + Office  | 

DataCore Fund Adds Irvine Assets

San Francisco-based GI Partners acquired Alton Corporate Plaza, two assets totaling roughly 209,000 square feet in Irvine, CA, for an undisclosed price. The transaction was completed through DataCore, L.P, a $500 million, fully-discretionary core real estate fund, managed by GI Partners, on behalf of The California State Teachers’ Retirement System (CalSTRS).

The property is leased as a regional HQ to Rockwell Collins. The office and industrial buildings were developed in 1972 and 1984 at 1733 and 1833 Alton Parkway, and were substantially renovated last year.

GI Partners’ Mike Armstrong says, “The Alton property represents DataCore’s first acquisition in Irvine.”

HFF’s investment sales team included Ryan Gallagher, Derreck Barker and Nicholas Foster. HFF’s debt placement team included Kevin MacKenzie and Lee Redmond.

For comments, questions or concerns, please contact Dennis Kaiser

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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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