PLEASANTON, CALIF. — Swift Realty has acquired California Center, a 1-million-square-foot office campus in Pleasanton. The campus was acquired for a reported $155 million. The six-building property is located at 4400 Rosewood Drive in the Hacienda Business Park. California Center features a state-of-the-art conference center, a 600-seat cafeteria and a fitness center. It also contains an 8.4-acre site that is fully entitled for 305 residential units. The seller was RREEF. The transaction was executed by JLL’s Rob Hielscher, Michel Seifer and Aaron Herter.
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SAN FRANCISCO — Merchants Exchange Building, a 241,961-square-foot office building in San Francisco, has received $61 million in financing. The building is located at 465 California Street. Merchants Exchange Building was built in 1903. It is one of the only trophy buildings to survive the 1906 earthquake in San Francisco. Financing was arranged by Jeffrey Weidell and Andrew Slaton of NorthMarq Capital's San Francisco regional office. The duo had initially arranged about $47.5 million in financing, before advancing an additional $13.5 million. The advance will mature in 11 years, along with the existing debt.
IRVINE, CALIF. – Arbonne has renewed its lease for a 146,482-square-foot building in Irvine that serves as its world headquarters. The building is located at 9400 Jeronimo Ave. It is part of a four-building campus. Arbonne has resided at the building since 2000. The skincare products company also maintains offices in Canada, the United Kingdom and Australia. Its new 60-month lease commences this November. The company was represented by Michael Props, Royce Sharf and Jeff Cannon of Savills Studley’s Orange County office. The landlord, The Irvine Company, was represented in-house.
CARSON, CALIF. – A 50,078-square-foot flex/office property in Carson has sold to a private investor for $7.3 million. The property is located at 16941 Keegan Ave. It was built in 1972 and renovated in 2002, 2009 and 2012. The building is fully leased to Timec Company and guaranteed by the Parent company, Transfield Services. The buyer was represented by Ryan Campbell of NAI Capital’s San Gabriel Valley East office and Tony Naples of Lee & Associates. The unnamed seller was represented by Colliers.
MISSION VIEJO, CALIF. — HighPark Corporate Center, a 37,579-square-foot office building in the Orange County submarket of Mission Viejo, has sold to CK HighPark LLC for $6.6 million. The building is located at 23351-23361 Madero. It is 93 percent leased to four tenants, including Holt Integrated Circuits. CK HighPark was represented by Bratun Real Estate. The seller, Madero LLC & Wyocal LLC, was represented by Dan Vittoneand Alan Pekarcik of Avison Young and Trent Walker of Voit Real Estate Services.
COSTA MESA, CALIF. — Haynes and Boone has leased 22,466 square feet at Plaza Tower in Irvine. The law firm will be located at 600 Anton Blvd., which is adjacent to South Coast Plaza and the Segerstrom Center for the Arts. The firm will occupy the space by September. It is relocating from Irvine Towers. Other tenants at the Class A tower include Dorsey and Whitney, Bingham McCutchen, Baker & Hostetler and Snell & Wilmer. Plaza Tower was represented by Rick Kaplan, Robert Lambert and Matt Moore of Cushman & Wakefield.
GLENDALE, ARIZ. — Talavi Business Park, a 24,180-square-foot office complex in Glendale, has sold to the Heart and Vascular Center of Arizona for $2.3 million. The Class B complex is located at 5810 West Beverly Lane. Ironwood Glendale LLC purchased the property on behalf of the heart and vascular center. The seller, the Coneen Family Trust, was represented by Cassidy Turley’s Eric Wichterman and Mike Coover.
YOUNGSVILLE, N.C. — Trinity Partners Construction Services has completed the renovation of Xerium Technologies’ 43,387-square-foot office located at 14101 Capital Blvd. in Youngsville. Xerium Technologies is a manufacturer and supplier of products used in the paper manufacturing business. The project included updated office space, a new fitness center, dining area with full kitchen and an outdoor patio with an outdoor kitchen. The building’s owner, Clemmons and Berenthal LLC, tapped Trinity Partners Construction, a division of Trinity Partners, for the construction project. Phillips Architecture PA designed the renovation project.
CHICAGO — J.C. Anderson has completed a 16,000-square-foot office renovation for SunTrust Bank in Chicago. The bank is relocating to the Citigroup Center at 500 W. Madison St. from another office location in Chicago. The interior build-out included the demolition of the existing space to reconstruct a new layout and customized interior. The project featured the addition of private offices, a trading area and a social media center for incoming guests. Corgan Architects provided architectural services for the project. Founded in 1811, Atlanta-based SunTrust Bank operates 1,665 retail branches and 2,924 ATMs in the United States.
EXTER, N.H. — NorthMarq Capital’s Boston office has arranged $16.2 million in refinancing for 100 Domain Drive in Exter. The loan was structured with a 10-year term and 25-year amortization schedule. John Sullivan of NorthMarq arranged the financing for the undisclosed borrower through its relationship with a local bank. Liberty Mutal and Baur Performance Sport, among others, occupy the 263,914-square-foot office building.