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Lincoln, Gemdale Pick up 21 Acres from Trammell Crow, Principal

Lincoln Property Co. has joined forces again with Gemdale Corp., one of China’s largest developers, to acquire 21.5-acres of land approved for four buildings and up to 415,000 square feet of office space in north San Jose. The land acquisition reportedly closed in the $30-per-foot range, making it a roughly $28-million transaction.

Construction on Midpoint@237 is expected to begin in 2Q 2016. The project will include two- and three-story steel-and-glass buildings, with surface parking. It is expected to offer a compelling “value” play for status-conscious tech users, seeking new space and competition for renovated office space.

CBRE’s Rob Shannon and Mike Benevento represented the buyer. The sellers, Trammell Crow and Principal, were represented by Shannon and Christian Marent, also of CBRE.


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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.

  • ◦Development
  • ◦Sale/Acquisition
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