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Seattle & Northwest  + Office  | 

Vulcan Sells Seattle’s Arbor Blocks to Florida Investor for $415M

An entity affiliated with Miami-based Ponte Gadea acquired Seattle’s Arbor Blocks, a roughly 390,000-square-foot office development, from Vulcan Real Estate for a reported $415 million. The buyer, Ponte Gadea Seattle LLC., is connected to Spanish retailing titan Amancio Ortega’s investment firm.

Vulcan developed the pair of Class A buildings with supporting retail and amenities at 300 and 333 Eighth Ave. N. in Lake Union after inking Facebook to a long-term lease. The development received $166.7 million in construction financing from U.S. Bank and JPMorgan Chase, and delivered earlier this year.

The six-story buildings were designed to achieve LEED Gold certification and include such sustainable features as bioretention cells, stormwater-fed irrigation systems and outdoor workspaces. The pedestrian-friendly property features buildings separated by a “woonerf,” a Dutch word that refers to a street where pedestrians and bicycles have priority over motor vehicles.

NKF’s Kevin Shannon, Nick Kucha, Mike Moll, Rob Hannan, Ken White, Alex Foshay, and Bill Delacy, in cooperation with NKF local expert Jesse Ottele, represented the seller.

Vulcan’s Robert Arron and Geralyn Vannoy handle leasing at the property.

For comments, questions or concerns, please contact Dennis Kaiser

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Inside The Story

Read more at Puget Sound Business JournalConnect With Vulcan’s ArronConnect With NKF’s Shannon

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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