New call-to-action
High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Seattle & Northwest  + Office  | 

PCCP Joins Urban Renaissance Group on 550K-SF SeaTac Deal

Seattle-based Urban Renaissance Group LLC (URG) and Iron Point Partners, LLC sold the 548,704-square-foot SeaTac Office Center in SeaTac, WA to a partnership between San Francisco-based PCCP, LLC and URG. As part of the sale, URG will recapitalize and invest with PCCP with plans to expand tenant amenities and improve common areas.

The 94%-occupied asset is located at 18000 Pacific Highway South, across from the SeaTac International Airport. URG and Iron Point purchased the three-building complex in October 2015 at 62% occupancy. The owners returned the asset to Class A status via improvements and achieved higher renewals.

URG’s Patrick Callahan says, “Given the great location of this asset, and significant office rent increases in the Seattle/Bellevue markets, there is continued and growing demand for office space near the airport and light rail. URG was very interested in remaining in ownership.”

NKF’s Kevin Shannon, Nick Kucha, Michael Moll, James Childress and Bill DeLacy represented the sellers.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With URG’s CallahanConnect With PCCPConnect With NKF’s Kucha

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
New call-to-action