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California  + Office  | 

NGKF, CBRE Team Up on $133M Seattle Acquisition

Honolulu, HI-based The Shidler Group acquired the fee interest in land beneath phases I & II of the University of Washington School of Medicine Research Campus in Seattle for $133.6 million. The assets are 100%, absolute NNN-leased to an entity of the University.

The opportunity allows Shidler to own a 2.42-acre fully-improved city block that is adjacent to Amazon.com’s South Lake Union HQ campus.

Phases I & II of the development include recently developed and renovated state-of-the-art life science and office assets, totaling roughly 345,000 square feet. Phase I is located at 815 Mercer St. and phase II is located at 850 Republican St.

NGKF’s Capital Markets team of Kevin Shannon, Ken White, Michael Moll, and CBRE’s Tom Pehl represented the seller, Vulcan Real Estate.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Connect with NGKF’s ShannonConnect with CBRE’s PehlConnect with The Shidler Group

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.

  • ◦Sale/Acquisition
  • ◦Lease
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