National + Office | September 21, 2018

Ivanhoé Cambridge Acquires Callahan Capital Properties

Canada’s Ivanhoé Cambridge finalized the acquisition of Chicago-based Callahan Capital Properties (CCP). Financial details of the transaction were not disclosed.

In 2012, Ivanhoé Cambridge entered into a strategic relationship with CCP to expand its U.S. office properties platform. Over the years, the strategy proved successful, and, at the time of closing, the platform’s assets under management in the U.S. were in excess of $10 billion.

Ivanhoé Cambridge’s Daniel Fournier says, “We thank Tim Callahan and Michael Colleran for helping us build a strong platform of high-quality office properties in the United States. We are delighted to welcome a team of experienced professionals in this transition to Ivanhoé Cambridge, and to prepare the strategy for the next steps in our plan for our U.S. Office platform.”

Eastdil Secured advised on the transaction.

Ivanhoé Cambridge U.S. office assets:
Boston:
– One Boston Place (201 Washington St.)

Chicago:
– 10/120 South Riverside Plaza
– 125 South Wacker Drive
– 180 North LaSalle
– 515 North State
– River Point (444 W Lake St)

Denver:
– 410 17th Street
– Tabor Center
– US Bank Tower

Los Angeles:
– PacMutual (523 W 6th St)

New York:
– 85 Broad Street
– 1211 Avenue of the Americas
– 1411 Broadway
– Three Bryant Park

Seattle
– 999 Third Avenue
– Newport Corporate Center
– U.S. Bank Centre

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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.