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California  + Bay Area  + Retail  | 

Silicon Valley Whole Foods-Occupied Asset Trades for $55M

A 50,451-square-foot retail property occupied by Whole Foods Market in Los Altos, CA sold for $55 million. Imperial Hornet Developers, LLC acquired the freestanding property located at 4800 El Camino Real from Compass Grand Associates, LLC.

Situated on 2.41 acres with frontage and high visibility along El Camino Real, one of the region’s primary thoroughfares, the store features dual entry on the ground floor, as well as two levels of subterranean parking.

Investment specialists Kevin Held and Matt McNeill with Cushman & Wakefield represented the buyer in the transaction. The duo worked with Ron Goldie, a Los Angeles-based attorney, who acted as an investment advisor in leading negotiations for the buyer.

Held says, “This is an irreplaceable, single tenant asset and a generational investment opportunity in the epicenter one of the best economies in the world. The property was originally developed as a prototype build to suit for Whole Foods in an area with extremely high barriers to entry and strong market fundamentals.”


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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