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California  + San Diego  + Industrial  | 

KKR, AIP JV Claims Another Chula Vista Asset

Denver-based Black Creek Group sold the Chula Vista Industrial Center in San Diego to a partnership of New York-based KKR and Chicago-based Alpha Industrial Properties for $25.7 million.

The two-building 158,138-square-foot Class A multi-tenant project is situated on 11.93 acres at 1669 and 1675 Brandywine Ave. The early 1990s era buildings offer above-standard loading capabilities, 24-foot clear heights, automatic wet sprinkler systems, and concrete truck courts.

Cushman & Wakefield’s Bryce Aberg, Jeff Chiate, Jeffrey Cole, Ed Hernandez, Mike Adey, and Devin Muna represented the seller.

Cole says, “This sale is additional proof that the Greater South County Industrial Market is becoming more and more attractive to both institutional and corporate capital. These groups are being drawn to the newer product availability, major new infrastructure projects and currently the most active tenant submarket in San Diego.”

The buyers recently acquired an asset in the same center along with another in San Dimas for a combined $33.5 million.

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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