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California  + Office  | 

Rockpoint Acquiring 100 Pine for $289M

Boston-based The Rockpoint Group is acquiring 100 Pine Street, a 402,534-square-foot office building in San Francisco from Chicago-based LaSalle Investment Management for a reported $289 million. The 95%-leased North Financial District building is likely a value-add play for Rockpoint, since roughly 50% rentable space is expiring over the next four years.

LaSalle acquired the 33-story asset in 2005 for $149 million on behalf of Alaska Permanent Fund Corporation, a separate account it manages. Since then, average market rents have increased 23.4%, and more than $12.5 million has been invested in property improvements over the past 10 years.

In 2008, 100 Pine became the first LEED certified building in California.

JLL’s Capital Markets Group is handing the sale. CBRE’s Phil Tippett, Cori English and Mark McLaughlin handle the leasing assignment.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at The RegistryConnect With JLL Capital Markets GroupConnect With CBRE’s Tippett

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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