Five Point Gateway Campus in Irvine Spectrum Acquired for $443M
Five Point Holdings, LLC led an investor group in the $443-million purchase of Broadcom Limited’s 73-acre corporate campus in Irvine, CA’s Great Park Neighborhoods. The renamed Five Point Gateway, a four-building office and R&D development, was nearing completion as a corporate campus for Broadcom.
Five Point Gateway includes more than one million square feet at 15101, 15131, 15161 and 15191 Alton Parkway. Additional site entitlements could allow construction of 734,000 square feet of office space, 1,300 apartments or roughly 1,000 home sites.
Broadcom plans to leaseback 660,000 square feet on a triple-net basis, while Lennar Corporation and Five Point will occupy two other buildings, with 232,223 square feet available for lease.
HFF’s Kevin MacKenzie, Lee Redmond and Peter Thompson advised the borrowers in securing $339 million in acquisition financing. The five-year, floating-rate loan was provided through Starwood Property Trust, Inc. CBRE’s Kevin Bender, Jake Stickel and Todd Tydlaska represented Broadcom in the transaction.
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.
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