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Hilton Foundation Claims Westlake Village’s Dole Building for $50M

The Dole building in Westlake Village, CA was acquired by the Conrad N. Hilton Foundation for $50 million in an off-market transaction. CBRE’s Todd Tydlaska, Sean Sullivan, Mike Longo, Tom Dwyer and Michael Slater represented the seller, Dole Food Company Inc.

The 168,000-square-foot corporate campus, located at One Dole Drive, sits on more than 10 acres and has served as Dole Food’s HQ for more than 20 years. Dole will continue to occupy a portion of the building. The Hilton Foundation, which was a tenant at the property prior to the sale, has now designated the space as its headquarters.

The site, which features a three-story office building, subterranean parking, and expansive greenspace, sits across the street from the Four Seasons Westlake Village.

“One Dole Drive is a truly unique property,” said Longo. “There is nothing like it in the entire market.”

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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.