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California  + Bay Area  + Office  | 

DivcoWest Divests South San Jose R&D, Manufacturing Asset for $35M

DivcoWest Silicon Valley Investments divested a 196,534-square-foot R&D/manufacturing building in South San Jose to Willyo Properties for $35.3 million. The NNN leased multi-tenant asset includes 5500-5550 Hellyer, a high-image partial two-story building with a mixture of open office, lab and manufacturing space.

CBRE’s Scott Prosser, Joe Moriarty and Jack DePuy represented the seller. Prosser says, “With a new 10-year lease and two other tenants having been in the building since 2008, this opportunity provides excellent stable occupancy with committed tenants.”

Built in 2000, the 100% leased property is located a mile north of the Highway 101/Highway 85 intersection, 1.6 miles from the Blossom Hill Caltrain station and a little over two miles from the Cottle Road VTA Light Rail station.

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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.

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