Starwood, Trinity, Vanderbilt JV Divests North Carolina Portfolio for $105M
A joint venture between Starwood Capital Group, Trinity Capital Advisors and Vanderbilt Partners divested a seven-property office portfolio in Raleigh-Durham, NC for $105.5 million. An undisclosed institutional investor bought the assets, which total 581,619 square feet and are within the Perimeter Park business park.
The properties are located at 1500, 1600, 1700, 1800, 2000 and 2250 Perimeter Park, and 3800 Paramount Parkway within the Research Triangle Park/Interstate 40 submarket. Completed in the 1990s and early 2000s, the portfolio is approximately 91% leased to a STEM-based tenant roster.
HFF’s Scot Humphrey, Ryan Clutter and Chris Lingerfelt marketed the offering on behalf of the seller.
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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