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California  + Office  | 

Blackstone Acquires Market Center

New York-based Blackstone Real Estate Partners acquired Market Center, a 753,000-square-foot, two-building asset for an undisclosed sum from John Hancock Real Estate, the U.S. division of Manulife Financial Corp. Chicago-based Equity Office, Blackstone’s wholly-owned affiliate, will make its Northern California regional HQ at Market Center.

Located at 555 and 575 Market St., Market Center is a vibrant urban office campus that was 93% leased at the time of sale. The asset is home to Uber, TIBCO Software, PNC Bank, and Bank of San Francisco.

Equity Office plans to make significant improvements to the property, including new tenant suites, ideally suited for creative workspace designs. Other upgrades will target common areas and collaborative spaces, new retail services, advanced fitness and wellness offerings, improved energy efficiency and sustainability.

Eastdil Secured represented the seller, while Blackstone was self-represented in the transaction.

SF Market Center San Francisco

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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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