Trammell Crow, Carlyle JV Divests Tacoma-Area Distribution Facility
Fife I-5 Commerce Center, a newly-developed, 250,490-square-foot industrial distribution facility near the Port of Tacoma in Fife, WA, sold for reportedly $37.3 million. The property is fully leased to Associated Materials, Inc., a manufacturer of vinyl siding and windows.
NKF Capital Markets’ Kevin Shannon, Nick Kucha, Bret Hardy, Ken White and James Childress represented the seller, a JV of Trammell Crow Company and The Carlyle Group. The buyer was BlackRock.
Construction wrapped up in October 2017 on the facility situated on 14.95 acres at 2801 78th Ave. The Class A asset includes 32-foot clear height, 60 dock high loading doors, three grade doors, and roughly 10,000 square feet of office space.
Hardy says, “Fife I-5 Commerce Center was the first new, institutional-quality industrial property available for purchase within a five-mile radius of the Port of Tacoma since 2015. As a result, this high-quality project garnered a significant amount of capital interest.”
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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