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True North, KBS Acquire PDX Creative Office for $28.5M

San Francisco-based Swift Real Estate Partners divested Sixth at Yamhill, a 109,725-square-foot, creative office building in Portland, OR. KBSRA Sixth at Yam, LLC, a joint venture between True North and KBS, purchased the asset in an off-market transaction for $28.5 million.

Sixth at Yamhill is situated at 811 Southwest Sixth Ave. in downtown Portland. The 11-story building was renovated in 2016, and offers completely re-imagined creative office space with 9,600-square-foot floor plates overlooking Pioneer Courthouse Square.

Swift completed a major lobby remodel, repositioned floors three through 11 to creative shell, established a common indoor-outdoor tenant patio on the fourth floor, added basement bike parking and secured the high-end boutique Water Ave Coffee Shop as a retail amenity.

HFF Nick Kucha James Childress and Logan Greer marketed the property on behalf of the seller.

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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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