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California  + Office  | 

Transamerica Pyramid Trades for $650M to SHVO, Deutsche, European Investors

The iconic 48-story Transamerica Pyramid Tower in San Francisco traded hands for $650 million. A JV partnership between New York-based SHVO and Deutsche Finance International acquired the Transamerica Pyramid Center Complex property from Transamerica and Aegon NV.

The site includes a three-building, 703,537-square-foot, Class A office complex and development parcel on an entire city block in the heart of San Francisco’s Financial District. The transaction marks the first time the distinctive tower at 600 Montgomery St. has changed hands since it delivered in 1972.

JLL’s Gerry Rohm, Michael Leggett, Robert Hielscher and Michael Seifer represented the seller and procured the buyer, which also included a consortium of investors led by German pension fund, BVK. JLL’s Peter Smyslowski, Mike Tepedino, Robert Tonnessen and David Sitt arranged $390 million in acquisition financing.

Rohm says, “This was a unique opportunity to acquire one of the world’s most recognized office towers, with its iconic architecture still globally recognizable after nearly 50 years.”

For comments, questions or concerns, please contact Dennis Kaiser

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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.

  • ◦Sale/Acquisition
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