Harbor Associates, LLC divested 71 at the Park, a 37,090-square-foot office building at 25371 Commercentre Dr. in Lake Forest, CA to Prosper Real Estate for $11.7 million. The sale marks a new price record for the city at $315-per-square-foot.
Harbor acquired the property in 2015 and embarked upon a comprehensive building system, exterior, and interior renovation that resulted in achieving 100% lease-up. The asset’s location off Bake Parkway provides visibility along a primary transportation corridor, with immediate access to Interstates 5 and 405 and the 241 toll road.
Harbor’s Paul Miszkowicz says, “We seized upon a supply/demand imbalance of well-appointed creative office space in the Lake Forest office market, and created a unique tenant experience by repositioning and rebranding the greater office park.”
The sale marks Harbor’s second disposition in 2018. CBRE’s Anthony Delorenzo, Doug Mack and Gary Stache represented Harbor in both Orange County office transactions. Globridge Realty’s David Lee represented the buyer.
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.
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!