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Seattle & Northwest  + Washington  + Office  | 

Kennedy Wilson Fund Acquires 300K-SF Puget Sound Campus

CBRE Capital Markets arranged $34.5 million in acquisition financing for Redmond East Business Campus, which was purchased by a closed-end fund managed by Kennedy Wilson. Redmond East is an eight-building office and flex portfolio located near downtown Redmond, WA.

Located at 6724 to 6565 185th Ave. NE, and 18578 to 18640 NE 67th Ct., the 292,100-square-foot institutional-quality property is currently 98% leased to nine tenants.

CBRE’s Thomas Pehl and Lou Senini represented the unnamed seller in the transaction. CBRE’s Brad Zampa, Mike Walker, and Megan Woodring arranged the balance sheet bank financing on behalf of Kennedy Wilson.

The seven-year, non-recourse, full-term interest only, floating-rate loan was provided by a national financial service provider at a very competitive spread priced over 30-day LIBOR.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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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
  • ◦Sale/Acquisition
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