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Transwestern Divests 300K-SF Office Park in San Jose for $84M

Transwestern Investment Group reportedly sold Central Park Plaza, 300,000-square-foot office park in San Jose, to Preylock Real Estate Holdings for $83.8 million. The asset, located at 2833 – 2841 Junction Ave. and 2860 – 2890 Zanker Rd., was sold on behalf of TSP Value and Income Fund I.

Constructed in 1986, the property consists of six, two-story Class A office buildings in North San Jose. The multitenant project is leased to 56 tenants. During the hold period, ownership completed several capital renovation projects, including updating the courtyard and deli, building a new state-of-the-art conference center, and creating several high-tech speculative suites, which helped boost leasing efforts.

HFF represented the seller in the transaction.

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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.

  • ◦Sale/Acquisition