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Rockpoint Buys Walnut Creek Tower from MetLife for $187M

Boston-based Rockpoint Group acquired Treat Towers, a roughly 378,000-square-foot office complex in Walnut Creek, from MetLife for $187.2 million. The two-building, 10-story Class A property is located at 1255 and 1277 Treat Blvd.

The 1999-built asset is part of Contra Costa Centre, a transit village at the Pleasant Hill BART station near Interstate 680. Treat Towers is one of the only Class A office buildings in Walnut Creek that allows for building top signage with direct visibility from I-680.

The LEED Platinum certified property features highly efficient rectangular floor plates with exterior columns, which maximizes usable square footage. On-site amenities include conference rooms, a fitness center, café, outdoor seating areas, and bike room.

MetLife had acquired the towers in 2012 for $118.5 million. NKF’s Breck Lutz And Knute Bucklew handle leasing at the building.

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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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