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California  + Los Angeles  + Retail  | 

Pasadena’s Historic Pottery Barn Building in New Hands

Hanley Investment Group Real Estate Advisors completed the sale of the historic Pottery Barn building at the intersection of Colorado Boulevard and Fair Oaks Avenue in Old Pasadena. The sale price was $16.1 million.

NKF’s Rob Ippolito, Glenn Rudy and Pete Bethea represented the buyer, an undisclosed private investor. Hanley’s Carlos Lopez and Lee Csenar represented the seller, Federal Realty Investment Trust.

The five-story, 30,955-square-foot building, built in 1905 and renovated in 1997, is leased to Pottery Barn on three levels. The property includes two floors of residential and one floor of office leased to other tenants. Pottery Barn has been at this high-identity location for over 20 years and, last year, executed a lease extension demonstrating their commitment to the location, notes Lopez.

“This is a generational acquisition for an iconic property located at the premier intersection in Pasadena to a Southern California-based investor,” added Lopez.

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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.