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California  + San Diego  + Office  | 

Irvine Company Expands San Diego Footprint, Again

Irvine Company acquired Paseo Del Mar, a 235,000-square-foot Class A office project in Del Mar Heights, CA from Union Investment. The sales price was not disclosed.

Irvine Company Office Properties’ Doug Holte says, “Paseo Del Mar provides us with another exceptional workplace community for our San Diego customers, with close access to best-of-class residential, recreational, retail and on-site amenities.”

Completed in 2006, Paseo Del Mar’s three, three-story buildings are located at 12255, 12265 and 12275 El Camino Real.

The transaction is the company’s fourth significant San Diego office property purchase in the past 12 months, boosting its San Diego office portfolio by nearly one million square feet. The acquisitions included La Jolla Reserve in La Jolla UTC, Gateway at Torrey Hills and Township 14 in Del Mar Heights.

Eastdil Secured’s Adam Edwards, Brian Russell and K.C. Scheipe handled negotiations on behalf of the sellers. The seller was also advised by Metzler Real Estate.

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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