SAN DIEGO — A four-story office building has sold to Hammer Commercial Ventures for $5.3 million. It is located at 440 Upas Street. The acquisition also includes two additional land parcels on Upas Street. Brian Mulvaney and Jon Boland of Voit’s San Diego office represented both the buyer and the seller, San Diego Blood Bank, in this transaction. Hammer Commercial Ventures, LLC is an operating member of Balboa Phase I, LLC.
Office
NAPLES, FLA. — A three-story, 30,039-square-foot Class B office building at 1250 Tamiami Trail North in Naples has traded for $3.5 million. Jefferson-Pilot Investments Inc., a subsidiary of Lincoln National Financial Group, sold the property to Gracen Associates LLC. William Mankin of Colliers International Southwest Florida represented the seller and Chip Olson of Naples-based Colonial Square Realty represented the buyer. Current tenants include Ryder Orthopedics, Creative Images Hair Design, Wolf & Layton Dentistry and others.
SAN DIEGO — Trigild, a full-service commercial real estate firm, will manage 16 Class A and B office building throughout the Midwest and Southeast as part of an agreement with Charlotte, N.C.-based Allegiance Realty Corp. The agreement calls for Trigild to take over day-to-day operations of the office buildings starting Feb. 1. Of the 16 properties, four are located in the Midwest including: 3100 Presidential Drive in Fairborn, Ohio, 11499 Chester Rd. in Cincinnati 433 N. Summit St. in Toledo, Ohio and 901 Tower Drive in Troy, Mich.
BOSTON — Dune Medical Devices is relocating its U.S. office from Speen St. in Framingham to a 2,707-square-foot office space at 25 Thomson Place in Boston. The move is timed to the U.S. Food and Drug Administration recently approving the sale of Dune's breast cancer tissue assessment tool nationwide. Kevin Hanna and Colin Greenhalgh of Cassidy Turley represented Dune in the transaction. Philip Moses of Vesper Realty Advisors represented the sublessor, Boris FX.
HOUSTON — CBRE has arranged the sale of 6300 West Loop South, a six-story, 100,558-square-foot office building located in Houston's Bellaire submarket. The office property is 95 percent leased. Todd Casper and Michael Hassler of CBRE represented Braun Enterprises, agent for 6300 West Loop Realty Ltd., in the transaction. Equitas Commercial Real Estate Holdings was the buyer.
ARLINGTON, TEXAS — Poynter Scifres Capital Services (PSCS), a division of Poynter Scifres Cos., has participated in the placement of $18.2 million of CTL debt financing for a four-story, 89,000-square-foot office building, located at 1600 E. Lamar Blvd. in Arlington. The loan was a refinance of short-term bank debt. Dennis Scifres headed the PSCS team on the loan arrangement, and also provided legal representation for the California-based borrower.
SOUTHLAKE, TEXAS — Irving-based Realty Capital Management has arranged the sale of a 3,351-square-foot office property, located in Miron Grove Office Park at 270 Miron Drive in Southlake. Southlake residents David and Sonja Coffin purchased the property, which will be the new home of David Coffin PLLC, a law firm. The firm will occupy 1,833 square feet of the property and the remaining 1,518 square feet will be occupied by a medical practice. Mark Boone, director of commercial sales and leasing for Realty Capital Management, represented the seller, RCC Miron Office Ltd., in the transaction. Shane Strickland of Glacier Commercial Realty represented the buyer.
TEMPE, ARIZ. — Tempe Gateway, a 263,936-square-foot, Class A office building, has sold to Parkway Properties for $66.1 million. The property is located at 222 S. Mill Ave. in Tempe. It currently boasts a 74 percent occupancy. Parkway Properties was represented by Jim Fijan of CBRE’s Phoenix office in its unsolicited acquisition offer. The seller was Gateway Tempe LLC, a company formed by Vulcan Inc.
SAN DIEGO — A four-story office building has sold to Hammer Commercial Ventures for $5.3 million. It is located at 440 Upas Street. The acquisition also includes two additional land parcels on Upas Street. Brian Mulvaney and Jon Boland of Voit’s San Diego office represented both the buyer and the seller, San Diego Blood Bank, in this transaction. Hammer Commercial Ventures, LLC is an operating member of Balboa Phase I, LLC.
SEATTLE — Westlake Terry, a 320,399-square-foot, Class A office property in Seattle’s South Lake Unionneighborhood, has sold to Kilroy Realty Corporationfor $170 million. The two-building property is located at 320 Westlake Ave. Northand321 Terry Ave. North. It is fully occupied by tenants like Group Health CooperativeandMicrosoft Corporation. Kilroy was represented by attorneys Peter Roth, Patrick Perry, Michael Cerrina, Julie Hoffman, Hadar Goldstein, Cheryl Prell of Allen Matkins Leck Gamble & Natsis. The seller, Vulcan Realty, was represented by attorney Joe Delaney at Foster Pepper PLLC. Jones Lang LaSalle acted as Vulcan’s broker.