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Rubenstein Secures $63M for Lower Makefield Corporate Center Acquisition

Affiliates of Philadelphia-based Rubenstein Partners acquired Lower Makefield Corporate Center, an eight-building, 467,000-square-foot office complex in Yardley, PA. Cushman & Wakefield’s Equity Debt & Structured Finance group arranged roughly $63 million in purchase financing for the Southern Bucks County property.

Cushman & Wakefield’s John Alascio, Alexander Hernandez, Sridhar Vankayala and TJ Sullivan headed the assignment on behalf of Rubenstein Partners, which purchased the asset from American International Group.

Lower Makefield Corporate Center offers a distinctive combination of high-quality office product at an attractive basis, strong sponsorship, and positive leasing momentum – in a market defined by consistently appreciating fundamentals. Alascio says, “These factors generated significant interest from the financing market.”

Rialto Capital Management provided separate mortgages for the property’s two distinct campuses on Stony Hill and Township Line roads.

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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.

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