High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

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

New call-to-action
California  + Industrial  | 

PCCP, Koll JV Acquires 8-Building Industrial Portfolio for $41M

A joint venture of Los Angeles-based PCCP, LLC and Irvine, CA-based The Koll Company acquired a 100% leased, 510,707-square-foot, eight-building industrial portfolio in West Sacramento and Salt Lake City for $41.3 million. The seller was an unnamed private family trust.

PCCP’s Ron Bonneau says, “This opportunity enabled PCCP to acquire a well-located, cash-flowing industrial portfolio in markets with tight industrial fundamentals.”

The California acquisition is located in West Sacramento within the Port of Sacramento Industrial Park and encompasses three 1987-built properties totaling 226,000 square feet. They feature 22- to 26-foot clear heights, dock-high doors, grade level doors, wet sprinklers, reinforced concrete loading areas, and ample parking.

The five properties in Salt Lake City are within Centennial Industrial Park, were built in 1995 and total 214,000 square feet.

NKF’s Bret Hardy and Kevin Shannon represented the seller while NKF’s David Milestone sourced the debt on behalf of the buyer from California Bank & Trust.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With PCCPConnect With The Koll CompanyConnect With NKF’s Shannon

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
New call-to-action
New call-to-action