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California  + Bay Area  + Office  | 

Intercontinental, Harvest Acquire, Recapitalize San Francisco’s 400 Montgomery

Intercontinental Real Estate Corporation and Harvest Properties acquired and recapitalized 400 Montgomery, an historic 85,580-square-foot office building in San Francisco’s Financial District at California and Montgomery Streets. Harvest acquired the building in 2016 in a JV with Nuveen, which exits the investment.

Over the past three years, the 1901-era building, underwent a multi-million-dollar capital improvement program that encompassed building systems and infrastructure upgrades, a new lobby, refreshed common areas and restrooms, as well as a complete façade restoration of the building’s Renaissance/Baroque architecture and ornamentation.

JLL’s Rob Hielscher, Michel Seifer, Erik Hanson, Cheri Pierce, Kristina Wollan and Michael Manas exclusively advised on the deal that reportedly closed in the neighborhood of $78 million.

Intercontinental’s Bay Area portfolio now includes 12 assets totaling roughly 2.3 million square feet of office and industrial space, and 1,400 multifamily units. This is the second JV with Harvest, which together in 2016 acquired 60 South Market in San Jose.

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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