Invesco Claims Microsoft-Occupied Trophy Office Property in Bellevue
The Bravern Office Commons, a 749,694-square-foot office property in downtown Bellevue, has traded hands, reportedly for $585 million. The Class A asset consists of two office buildings that are both leased in their entirety to Microsoft Corporation, and a seven-level, subterranean parking garage containing roughly 3,134 stalls.
Built in 2009, the Eastside property includes a 12-story, 255,171-square-foot building at 688 NE 110th Ave., a 23-story, 494,523-square-foot building at 11025 NE 8th St., and a seven-level, 35-acre subterranean parking garage.
NKF’s Kevin Shannon, Nick Kucha, Michael Moll, Ken White, Rob Hannan, Tim O’Keefe and Alex Foshay represented the seller, a JV of Principal and PNC Realty Investors. The buyer, Invesco Real Estate, advising a separate account client, was self-represented. NKF’s David Milestone and Brett Green arranged the financing on behalf of the buyer.
“This trophy asset was strategically marketed to a limited group of targeted investors on an off-market basis,” said Shannon.
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.