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San Jose Asset Nabbed for $21.5M

CBRE Capital Markets arranged the sale of 1704 Automation Parkway, a Class A, two-story, more than 84,000-square-foot office/R&D building located in San Jose. The property was purchased by Nautilus Global Investment for $21.5 million.

CBRE’s Scott Prosser, Joe Moriarty and Jack DePuy represented the seller, Soma Capital Partners and Atlas Real Estate Partners.

The two-story building, built in 1997, sits on 5.6 acres on Automation Parkway and recently underwent renovations, including a two-story lobby and exterior upgrades. The location is near Brokaw Road/Murphy Avenue/Hostetter Road, a main thoroughfare that connects to Interstates 880 and 680.

The building is 100% NNN leased to Quantenna Communications Inc. for more than seven years, which commenced in October 2017. CBRE’s Chip Sutherland and Sherman Chan arranged the lease on behalf of Soma/Atlas.

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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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