Roxborough Claims Four-Building Redmond Portfolio for $74M
The Roxborough Group, LLC acquired Quadrant Willows, a four-building, 248,041-square-foot, Class A office portfolio in Redmond, WA from Equus Capital Partners, Ltd. for a reported $73.6 million. The assets are located at 11121,11241,11261, and 11351 Willows Rd., near the epicenter of Seattle’s tech-dominated Redmond submarket.
Equus acquired the project on behalf of Equus Investment Partnership X, L.P., a fully discretionary fund managed by Equus, in two separate transactions in March and December of 2016. The portfolio was 100% leased at the time of sale, and the new owner expects to benefit from in-place rents that are significantly below market, as well as the desire of some tenants who have outgrown their current suites to give back space in a tight Redmond leasing environment with limited new construction.
NKF’s Kevin Shannon, Nick Kucha, Ken White, Michael Moll, James Childress, Joe Lynch and Dan Harden represented the seller. The buyer was self-represented.
“Selling a building of this size, quality, and tenancy is rare in a market like Willows Road, one of the nation’s top performing suburban micro markets,” said Kucha.
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.