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California  + Office  | 

Longfellow Lands Palo Alto Tech Campus for $205M

Longfellow Real Estate Partners acquired Palo Alto Technology Center (PATC) from Newport Beach, CA-based KBS for $205 million. The purchase is Longfellow’s fifth West Coast acquisition since late 2018. KBS originally bought the office property in 2012 on behalf of a sovereign wealth fund.

Located at 1800-1850 Embarcadero Rd. and 2445-2465 Faber Pl. the property is near Stanford University and Stanford Research Park. The campus encompasses 10 buildings totaling 259,586 square feet. The roughly 99%-leased asset’s tenants include Stanford, Bill.com, Aurora Innovation and Eversight.

Longfellow’s Adam Sichol says, “We’re excited to add Palo Alto Tech Center to Longfellow’s San Francisco Bay Area portfolio, and expand our presence in one of the nation’s most dynamic science and innovation clusters.”

Longfellow plans to convert some of the campus to life science uses, and complete capital improvements including facade enhancements, landscaping, and signage/wayfinding.

Eastdil Secured’s Greg Cioth, Paul Nelson, Nate Jones and Kurt Chong represented KBS. Longfellow was self-represented.

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.

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