Office

IRVINE, CALIF. – Griffin Capital has purchased the Fox global headquarters, an 82,645-square-foot, creative office building in Irvine, for $27.2 million. The building is located at 16752 Armstrong Ave. inside the Irvine Business Complex. Fox Headhas leased the building through December 2027. The motocross apparelcompany has occupied the property since last year when Shubin Nadal Associatesrepositioned it from an industrial building to a creative office space. It is one of only a few stand-alone creative office buildings in Orange County. The facility features an open floor plan andglass conference rooms, as well as a BMX track and fire pit. Fox Head also plans to add a skate park. Griffin Capital represented itself in this transaction, while the sellers, Shubin Nadal Associates and Penwood Real Estate Investment Management, were represented by CBRE’s Kevin Shannon, Bob Smith, Paul Jone and Ken White.

SANTA MONICA, CALIF. — Deluxe Entertainment has leased a 65,000-square-foot production facility in Santa Monica. The facility is located at 3401 Exposition Blvd. It was initially built in 1961 as the headquarters and manufacturing facility for the American Shower Door Company. The building has been used as a sound stage for movies and television since the mid-‘90s. It was purchased by Hudson Pacific Properties this past May. The company is renovating and redeveloping the facility for Deluxe, which plans to move in during the first quarter of 2014. Deluxe is owned by Deluxe Entertainment Services Group, a wholly owned subsidiary of MacAndrews & Forbes Holdings

SANTA MONICA, CALIF. — Deluxe Entertainment has leased a 65,000-square-foot production facility in Santa Monica. The facility is located at 3401 Exposition Blvd. It was initially built in 1961 as the headquarters and manufacturing facility for the American Shower Door Company. The building has been used as a sound stage for movies and television since the mid-‘90s. It was purchased by Hudson Pacific Properties this past May. The company is renovating and redeveloping the facility for Deluxe, which plans to move in during the first quarter of 2014. Deluxe is owned by Deluxe Entertainment Services Group, a wholly owned subsidiary of MacAndrews & Forbes Holdings

SACRAMENTO, CALIF. – A seven-property industrial and flex office portfolio has received $38 million in financing. The portfolio includes a total of more than 1 million square feet throughout California, Washington, Colorado and Missouri. The portfolio includes: Sunrise Business Center in Rancho Cordova, as well as Bradshaw Business Parkand Fruitridge Industrial Center in Sacramento, Calif.; Andover Executive Park in Tukwila and West Valley Distribution Center in Kent, Wash.; and Inverness Business Park in Englewood, Colo. The portfolio is 52 percent leased. Financing was arranged by HFF’s Lloyd Minten, Paul Brindley and Tom Wilson. They worked on behalf of a joint venture between a subsidiary of Oaktree Capital Management and ScanlanKemperBard Companies. The adjustable-rate loan was placed with Latitude Management Real Estate Investors. The loan’s proceeds were used to acquire the portfolio.