A portfolio of 41 mission-critical, distribution centers and commercial assets was sold and leased back by Meek’s Lumber and Hardware. The portfolio totals more than two million square feet, and is spread across California, Nevada, Missouri and Arkansas.
HFF’s Nick Foster, Coler Yoakam, Michael George and Jules Sherwood marketed the portfolio on behalf of the seller. An unnamed public real estate investment trust purchased the portfolio for an undisclosed amount.
The portfolio mainly consists of distribution assets with a retail component, but other product types included manufacturing facilities, a design center and the headquarters office building in Springfield, MO.
A second closing for an additional set of properties is set for the fourth quarter of 2018. The sale-leaseback coincided with the sale of the company itself to a private equity sponsor, Angeles Equity Partners.
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!