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Seritage, Invesco Start Former Santa Monica Sears Site Transformation

Seritage Growth Properties, along with its joint venture partner, Invesco Real Estate, commenced construction on the former Sears building in Santa Monica that will be transformed into The Mark 302, an iconic creative office and retail destination. The adaptive reuse project is slated to deliver in 2019.

Seritage’s Benjamin Schall says, “Construction has begun to convert an iconic building at the gateway to Santa Monica into a breathtaking office and retail destination.”

The Mark 302 will provide a unique multi-level workspace with natural light, a private rooftop deck and indoor/outdoor space for working, collaborating and relaxing. The roughly 110,000-square-foot redevelopment represents a rare workplace opportunity with high exposure in downtown Santa Monica. The property is accessed from the 10 Freeway, and located directly adjacent to the terminus of the L.A. Metro Expo Line that runs from Downtown Los Angeles.

LA Realty Partners’ Rick Buckley and George Gleason are handling the office leasing.

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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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