St. Joseph Health System Building Acquired for $59M

NGKF Capital Markets completed the $58.9-million sale of 200 Center, a 191,556-square-foot Class A high-rise office building located in Downtown Anaheim, CA. The asset is occupied entirely by St. Joseph Health System, which has a long-term lease with 10 years remaining.

NGKF Capital Markets’ Kevin Shannon, Paul Jones, Ken White and Blake Bokosky represented the institutional seller, a joint venture between Mariner Real Estate Management and PRES Companies. The asset was bought by an undisclosed SoCal 1031 exchange buyer.

Located at 200 W. Center Street Promenade, 200 Center is situated on just over two acres and consists of an eight-story office building and a six-level parking structure. St. Joseph Health System consolidated and relocated to the property from numerous locations throughout Orange County in 2015.

NGKF’s David Milestone and Brett Green executed the debt on behalf of the buyer.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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