Harvest, Cerberus Acquire Daly City’s DC Station for $114M
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Emeryville, CA-based Harvest Properties and an affiliate of Cerberus Capital Management, L.P. acquired DC Station, a 383,000-square-foot office property located in Daly City, CA from Deutsche Asset & Wealth Management for $114.5 million. The nine-story, LEED Silver certified, multi-tenant office building was built in 2001. The deal did not include the adjacent retail and movie theater.
Harvest Properties’ John Winther says, “We are excited to complete our first transaction with global investment leader Cerberus. Both Cerberus and Harvest see this as an opportunity to acquire a high-quality property at a compelling price and, ultimately, add value through thoughtful leasing activity as we capitalize on the changing demand drivers in the area.”
The property at 2001-2051 Junipero Serra Blvd. features large floor plates with high ceilings and expanded window lines. It also includes a seven-level parking garage, and is located directly off Interstate 280, adjacent to the Daly City BART Station.
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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