California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Orange County  + Office  | 

Irvine’s Centerpointe Trades for $27M

Kelemen Caamaño Investments (KCI) acquired Centerpointe, a four-building, 105,578-square-foot office property in Irvine, CA from CIP Real Estate for $27 million. The purchase satisfied KCI’s 1031 exchange and the Orange County-based firm plans to execute a creative redevelopment at the campus.

KCI’s Tibor Kelemen says, “The renovations will focus on exterior modifications along with creating an outdoor workspace by giving the open, shared spaces in the office park a collaborative, more up-to-date lifestyle feel.”

The multi-tenant, low-rise assets are part of an island of development at MacArthur Blvd. and Jamboree Rd. that includes Impac Center, Newport Summit and Newport Gateway. Centerpointe is 99%-leased to such tenants as UC Irvine, SGS&B Law, and Elite Education.

Wind Water Realty’s Rob Rader represented the buyer. Lee and Associates’ Brian Garbutt and NGKF’s Robert Griffith represented the seller.

For comments, questions or concerns, please contact Dennis Kaiser


Inside The Story

Connect With KCI’s KelemenConnect With Wind Water Realty’s RaderConnect With Lee & Associates’ Garbutt

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.

  • ◦Sale/Acquisition