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Seattle & Northwest  + Apartments  | 

Guardian Life Divests Eastside MF for Nearly $102M

Canadian REIT RISE Properties Trust acquired Salix Juanita Village, a 211-unit mixed-use community in Kirkland, WA from Guardian Life Insurance Company of America for $101.5 million. The property at 9740 N.E. 119th Way is part of the Juanita Village master- planned community, offering dozens of shops and restaurants, and quick access to the beach and parks.

RISE’s Jason Murray says, “Salix represents the first close-in Eastside asset that RISE will acquire this year. Built in 2005, Salix is relatively dated compared to new-product finish levels, and is ripe for renovation of its unit interiors, common areas, and a marketing refresh.”

The new owner plans to leverage the properties’ nine-foot ceilings, large windows, unique urban townhomes, 20,891 square feet of retail and ‘micro-urban’ location. Murray also notes “Salix will be re-positioned as premier product, nearly indistinguishable from new construction, in an excellent Kirkland area.”

JLL’s David Young and Corey Marx brokered the deal.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With RISE’s MurrayConnect With Guardian Life Insurance Company of AmericaConnect With JLL’s Young

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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