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California  + Los Angeles  + Office  | 

Nome Ventures Claims Cerritos Asset in Leasehold Sale

Bay Area-based Nome Ventures acquired Cerritos Center Court, a 170,977-square-foot Class A office building in Cerritos, from an institutional investor. The transaction was a leasehold sale as the 98%-leased building sits on a long-term ground lease owned the City of Cerritos with more than 66 years of remaining term.

Located at 17777 Center Court Dr., the eight-story building is situated in the 125-acre, master-planned Cerritos CBD. Cerritos Center Court was renovated in 2018 and features fully upgraded lobbies, corridors, restrooms, EV charging stations and 680 parking spaces.

CBRE’s Todd Tydlaska, Sean Sullivan, Mike Longo, Anthony DeLorenzo and Mark Shaffer represented the seller. CBRE’s Greg Grant secured a $26.7 million loan on behalf the buyer.

Tydlaska says, “Cerritos Center Court is an outstanding asset with a history of institutional stewardship. The recent renovations by EQ Office, which totaled over $2 million, provide the buyer with a beautiful and stable income-producing asset, which will continue to outperform the submarket in terms of rate and occupancy.”

For comments, questions or concerns, please contact Dennis Kaiser

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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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