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California  + Bay Area  + Retail  | 

Urban Land Development Acquires Union Square Asset

San Francisco-based Urban Land Development (ULD) acquired 150 Post St. in San Francisco’s Union Square area in a joint venture with Urban Land Capital, and Meyer Corporation. The seller in the reportedly $94-million deal was a joint venture of New York-based Madison Capital and an unnamed institutional real estate advisor.

The seven-story building comprises 117,435 square feet of office space with ground-floor retail, including Shreve & Co. Jewelers. The building was built in 1908 and structurally renovated in 2003. ULD will embark on a transformative repositioning of the building interior by uncovering the 14- to 15-foot concrete slab-to-slab ceiling heights, reconfiguring suites to occupy half or full floors of up to 14,000 square feet, and creating an open office floor plan.

Urban Land Development’s Jon Mayeda says, “Through immediate renovations to the property, transforming the office space to a high-end creative office, we will create a more open, and thus desirable, workspace for companies seeking flexibility.”

Cushman & Wakefield’s Kazuko Morgan brokered the deal.

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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