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California  + Bay Area  + Industrial  | 

Equity Office Divests East Bay Industrial Assets

Cranbrook Realty Investment Fund, L.P. acquired Benicia Industrial Center, a two-building, 499,512-square-foot industrial center in Benicia, CA, from Equity Office. The sales price was not disclosed.

JLL’s Bay Area and Industrial Capital Markets’ team on the deal included Michel Seifer, Mark Detmer, Rob Hielscher, Bo Mills, Will Connors, Erik Hanson and Ryan Sitov, along with Matt Bracco and Glen Dowling.

“The Bay Area presents significant barriers to entry, and is one of the toughest markets in the country to develop new warehouses,” said Detmer. “Vintage product like this presents the best opportunity for investors to gain access to this competitive market, and offers a great chance to modernize and create excellent value.”

The fully-leased, rail-served complex offers flexible space configurations with dock-high and grade-level loading. Located just off Interstate 680, the site provides access to Interstates 8, 505 and 580, as well as four international airports and two ports.

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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