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Seattle & Northwest  + Office  | 

German Fund Makes Oregon Debut with PDX Creative Office Acquisition

Deka Immobilien acquired an 11-story creative office building in Portland’s CBD from a joint venture of KBS and True North Management Group for $47.5 million. The 116,224-square-foot “6Y” property at 811 SW Sixth Ave. overlooks Pioneer Square.

The building underwent a repositioning that encompassed a strategic renovation that included upgraded creative office suites, a tenant lounge and a contemporary lobby.

Colliers International’s Robert Stamm and Andres Roldan represented the buyer, with local support provided by Chris Johnson. NKF’s Nick Kucha, James Childress and Bill DeLacy represented the seller.

Stamm says, “This stabilized creative office asset in a Main-and-Main location in the city’s CBD was the perfect fit for Deka’s first acquisition in Portland. The purchase demonstrates the fund’s ongoing appetite for well-located, high-quality institutional assets, as well as its willingness to enter new markets with confidence based on our team’s market knowledge and experience.”

The purchase by Deka’s open-ended, dollar-denominated North America Fund (DINA) is its third U.S. acquisition over the past nine months, and first in Oregon.

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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