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Scottsdale Asset Snagged by Denver Investor

Denver-based Ascentris acquired Kierland Corporate Center II in Scottsdale, AZ, for $25 million on behalf of one of its public retirement system clients. The three-story, 82,000-square-foot Class A multi-tenant office property was sold by PCPI Kierland II LLC and Parallel Capital Partners.

The property was constructed in 2009, and is currently 93% leased to major tenants including STMicroelectronics, Eide Bailly, and Sherman & Howard. The building features modern architecture, efficient floor plates, a two-story lobby and 290 parking stalls.

Ascentris’ Jeff Higgins says, “We are currently targeting high-quality office buildings in certain suburban submarkets across the United States; Kierland Corporate Center II is a great example of what we find attractive in this strategy.”

Cushman & Wakefield’s Eric Wichterman and Mike Coover brokered both sides of the deal.


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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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