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California  + San Diego  + Office  | 

Rockwood Capital Picks Up B Street Corridor Asset for $109M

Rockwood Capital, LLC acquired 600 B Street, a 359,278-square-foot, institutional-quality, Class A office tower in downtown San Diego from a partnership between Lincoln Property Company and Angelo, Gordon & Company. HFF arranged the $109.5 million sale of and $81.2 million acquisition financing for the asset.

600 B Street is a 24-story tower that is 89.7% leased to 33 tenants, including WeWork, The San Diego Union-Tribune, MiTek and Robbins Arroyo. Situated on 1.38 acres in San Diego’s B Street corridor, 600 B Street takes up an entire city block between Sixth and Seventh Avenues.

The HFF team that marketed the property on behalf of the seller included Nick Psyllos, Nick Frasco, Ryan Gallagher, Taylor Bergthold and Kara Mathis. The HFF debt placement team representing the new owner included Aldon Cole.

Photo credit Bill Robinson

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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.

  • ◦Financing
  • ◦Sale/Acquisition
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