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California  + Bay Area  + Office  | 

NGKF Handles $90M Walnut Creek Center Sale

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Walnut Creek Center was acquired for $90 million by a joint venture between Los Angeles-based PCCP, LLC and San Francisco-based Align Real Estate. The 236,122-square-foot transit-oriented office asset was divested by Northwestern Mutual.

The 96%-leased property is located at 100 and 200 Pringle Ave., adjacent to the Walnut Creek BART station. The tenant base includes Union Bank, engineering firm HDR, Inc., Ameriprise Financial, Alaska National Insurance Company, Scottrade and Northwestern Mutual.

NGKF Capital Markets’ Steven Golubchik, Grant Lammersen, Tim Walling and Nicholas Alimam represented the seller. The buyers were self-represented.

This transaction marks the first sale of the Class A asset since originally developed in 1983. Walnut Creek Center is close to Interstate 680, and adjacent to the proposed master-planned Walnut Creek BART Transit Village, which is scheduled to break ground later this year.

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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
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