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Irvine, CA-based MCA Realty expanded its Inland Empire portfolio with the acquisition of two assets, a retail property in Moreno Valley and an industrial asset in Temecula, CA. The assets were acquired for a combined $26.5 million.
The Moreno Valley acquisition includes four multi-tenant retail buildings and two retail boxes totaling 117,191 square feet, as well as four developable pads encompassing 5.24 acres at Stoneridge Towne Centre (pictured). The firm acquired the assets at 27110 to 27220 Eucalyptus Ave. for a combined total of $16.5 million.
The retail assets are 88%-occupied with Best Buy and West Elm currently occupying two box spaces. CBRE’s Phil Voorhees, Jimmy Slusher, James Tyrrell and John Read represented both buyer and undisclosed seller.
MCA Realty also picked up Diaz Commerce Center, a 131,577-square-foot industrial asset at 27711 Diaz Rd. in Temecula, which was purchased for $10 million. Lee & Associates’ Scott Stewart represented the buyer. Tobias Commercial’s Mahlon Tobias represented the unnamed private seller.
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.
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