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L.A.-Based 1031 Buyer Lands Scottsdale Airpark Creative Office, Airplane Hangar

Los Angeles-based Route 66 Properties LLC acquired a 39,520-square-foot creative office property and airplane hangar in the Scottsdale Airpark for $8.53 million. The seller of 7350 E. Evans Rd. in Scottsdale was ICIC Commercial Investments.

The property, which was 72% leased at the time of sale, is situated on 2.62 acres along the southwest portion of the Scottsdale Airpark, offering immediate runway access. It comprises four office buildings totaling 33,438 square feet and a 6,082-square-foot airplane hangar. The creative office complex recently underwent a $2 million renovation to include hard lit ceilings, generous clear heights, abundant glass lines, an open courtyard, exposed duct work, concrete floors and an open office environment.

Geoff Turbow, Matt Pourcho, Anthony DeLorenzo, Gary Stache, Bryan Johnson and Doug Mack of CBRE Investment Properties, SoCal/Phoenix/Vegas, and Brad Anderson, Michael Strittmatter and Lauren Anderson of CBRE in Phoenix, represented the seller.

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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.