NGKF Capital Markets Completes Record-Breaking $108.5M Office Deal
NGKF Capital Markets completed the $108.5-million recapitalization of three high-quality Class A multi-tenant office buildings located in Orange, CA. It is the first sale above the $100 million mark so far this year.
The transaction includes 600 City Parkway West, a 199,075-square-foot building, 3800 Chapman, a 169,851-square-foot building, and 500 City Parkway, a 70,320-square-foot building.
Irvine, CA-based Greenlaw Partners and Chicago-based Walton Street Capital purchased the buildings separately in 2014 and 2015. Subsequently, full occupancy was achieved on all three buildings, as well as securing entitlements for two multifamily development projects.
NGKF Capital Markets’ Kevin Shannon, Paul Jones and Ken White represented the existing Greenlaw Partners and Walton Street partnership.
An institutional advisor recapitalized the partnership and will retain Greenlaw Partners as operating partner.
For comments, questions or concerns, please contact 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.
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