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California  + Orange County  + Office  | 

Guthrie Completes Renovation, Sells Placentia Office Park

Newport Beach, CA-based Guthrie Development Company sold Placentia Office Park at 701 and 711 Kimberly Avenue in Placentia, CA for $10.4 million. The property consists of two office buildings totaling 72,897 square feet of space.

Guthrie acquired the properties in June 2017 from an institutional owner, and subsequently executed a renovation plan on the property including a new silicone roof overlay system, new parking lots, and new building paint. The rent roll was stabilized with new and renewal leasing that has brought the asset to 90% occupied. Tenants include North American Title Company and Sunrise Growers.

NKF’s Paul Jones, Blake Bokosky and Brandon White represented the seller.  The undisclosed buyer, a private investor, was represented by NKF’s Drew Sanden.


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About Dennis Kaiser

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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