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Seattle & Northwest  + Office  | 

JLL Arranges Refi for Repositioned PDX Property

Canadian investor Clarity Real Estate and its affiliated private equity fund secured an $18.2 million bridge loan to refinance 1500, a 73,274-square-foot, five-story creative office building in Portland. JLL worked on behalf the borrower to arrange the 36-month, floating-rate loan.

Originally built in 1965, the asset at 1500 NE Irving St. was fully renovated in 2019 to creative office space. The building features 10-foot windows, exposed ceilings, polished concrete floors and full floor availability on the second floor, a rare commodity in this SE Close-In submarket. The core creative office asset also offers top-of-the-market amenities, including a new fitness center with shower facilities, conference room, bike room, tenant lounge and 100 parking stalls.

JLL’s Zack Holderman, Zach Kersten and Daniel Pinkus represented the borrower.

“1500 is a great example of a well-executed property repositioning,” Holderman said. “The fully renovated and modernized project is positioned to appeal to the strong tenant demand for new creative space.”

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.

  • ◦Financing
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