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California  + Orange County  + Office  | 

Menlo Equities Affiliate Divests Foothill Ranch Asset

Las Vegas-based Kingsbarn Realty Capital acquired a two-story, 83,218-square-foot Class A office property located at 27042 Towne Center Dr. in Foothill Ranch, CA from an affiliate of Menlo Park, CA-based Menlo Equities. The deal value was undisclosed.

Built in 1998, the property is 90% occupied by eight tenants. In 2015, the asset underwent a $2.2 million renovation that included the addition of a state-of-the-art conference center, tenant lounge and new landscaping and hardscape.

NKF’s Kevin Shannon, Paul Jones, Sean Fulp, Blake Bokosky and Brandon White, represented the seller. The buyer was self-represented.

Shannon, NKF’s Co-Head of U.S. Capital Markets, says, “Approximately one-half of all commercial sales involve private capital, and the ability to access this important source of capital is critically important on smaller sales like this asset, but it is also frequently useful in larger sales as well.”

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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.

  • ◦Sale/Acquisition
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