Office

LOS ANGELES — Madison Partners has completed the $4.3 million sale of a 13,565-square-foot, Class A office building located at 4500 Wilshire Blvd. in Los Angeles. Situated in the Park Mile submarket, the three-story property was vacant at the time of sale. Madison Partners’ Lynwood Fields and Joe King represented the seller, 4500 Wilshire LLC, in the transaction, and Paul Asher of Building Capital Realty represented the buyer, Salomon Investment Partners LLC.

SAN DIEGO — KBS Realty Fund has purchased Horizon Tech Center, a three-building, 158,000-square-foot office campus located in the Scripps Ranch submarket of San Diego, in an REO sales transaction totaling $40.5 million. Fully leased to Lockheed Martin, the Class A, LEED Gold-certified development was constructed by Opus in 2009. Cushman & Wakefield’s Jeffrey Cole, Steve Rowland, Steve Rosetta, Ed Hernandez and Michael Roberts represented the seller in the transaction; Chris Wood of Voit Real Estate Services also consulted with ownership on the sale.

FREMONT, CALIF. — Cassidy Turley BT Commercial Palo Alto has brokered the nearly $3.6 million investment sale and subsequent lease of a 44,352-square-foot freestanding R&D/flex building located at 6200 Paseo Padre Pkwy. in Fremont. The single-story building was first sold by Drawbridge Partners and purchased by investor Christensen Ardenwood LLC, which then subsequently leased the entire building to Solaria Inc., a solar panel manufacturing company that also committed to a 1.5-acre ground lease at an adjacent site from a separate entity controlled by Christensen Ardenwood for a new solar plant. Solaria plans to move into its new headquarters facility in December. Cassidy Turley BT Commercial’s Sam Wright, Brian McCarthy and Scott Foster represented both Drawbridge and Christensen Ardenwood in the sale, as well as the two Christensen Ardenwood ownerships in the leasing of the building and the land.

LAS VEGAS — CB Richard Ellis (CBRE) has negotiated Wells Fargo Bank N.A.’s approximately 60,200-square-foot office lease at 3800 Howard Hughes Pkwy., also known as the Wells Fargo Tower. The 10-year deal represents the largest office lease signed in Las Vegas this year. CBRE’s Darren Lemmon represented Wells Fargo in the transaction.