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Trammell Crow’s D.C. Retail Center Recapitalized

The Shops at Dakota Crossing, a 140,000-square-foot trophy retail center in Washington, D.C., received $61 million in recapitalization. The project was developed by a Trammell Crow Company-led team that included Fort Lincoln New Town Corporation and CSG Urban Partners.

Walker & Dunlop’s Jamie Butler led the structured finance team that replaced the existing construction capital stack with a stretch senior bridge loan, which also provides for future funding based on additional leasing and capital costs.

“The Shops at Dakota Crossing is a landmark retail project in Washington D.C., and this capitalization will allow the project to truly reach its maximum potential,” said Butler.

Positioned along New York Avenue, the final phase of development was 98% pre-leased with a diverse mix of national and local tenants, including the city’s first Costco, Lowe’s, Dick’s Sporting Goods, Marshalls, PetSmart, Chick-fil-A and Starbucks.

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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.

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