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Seattle & Northwest  + Oregon  + Office  | 

Starwood Snags Oregon’s Tallest Tower

Greenwich, CT-based Starwood Capital Group acquired through affiliated funds, Wells Fargo Center, a 40-story skyline office tower and an adjacent five-story former data processing building space in downtown Portland, OR. The sale-leaseback deal with Wells Fargo entails more than 725,000 square feet of Class A and creative office.

Wells Fargo Center is the tallest building in the state, and offers unrivaled panoramic views of Mt. Hood, the Willamette River and Mount St. Helens. Starwood plans to reposition the property through a major capital improvement campaign that will touch the lobbies and entries, as well as create new tenant amenities such as conference facilities, a tenant lounge, reimagined retail areas, fitness center and bike hub.

CBRE’s Trevor Kafoury and Michelle Franceschi will lease the tower, and Kidder Mathews’ Josh Schweitz, Brandon O’Leary and Travis Parrott will lease the adaptive reuse structure. Lincoln Property Company will serve as the property management firm, and oversee the capital improvements.

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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.