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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.

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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.

  • ◦Sale/Acquisition
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