CARLSBAD, CALIF. — Ocean Terrace Corporate Center, a 177,149-square-foot, Class A office park in Carlsbad, has sold to BBL Commercial Real Estate for an undisclosed sum. The four-building park is located at 5740-5770 Fleet Street. It is currently 77 percent leased to tenants like Invensys Systems, Island Restaurants, BVK Direct Inc. and Farmers Insurance Exchange. It also houses Jenny Craig’s corporate headquarters. Rick Reeder, Brad Tecca, Matty Sundberg and Aric Starck of Cassidy Turley San Diego represented both the buyer and the seller, Regent Properties, in this transaction. Sundberg and Stark will also handle the park’s leasing efforts, along with Dennis Visser, also of Cassidy Turley.
CORONA, CALIF. – Atkinson/Walsh has signed a lease for 50,000 square feet at a Coronaoffice building. The lease is valued at about $3.2 million. The building is located at 2455 Anselmo Drive. The design-builder joint venture will occupy two-thirds of the space. The company recently secured a contract with the Riverside County Transportation Commission (RCTC) for the SR-91 Corridor Improvement Project. The contract is valued at $632 million. The RCTC also plans to occupy a portion of the building during its collaboration with Atkinson/Walsh. The tenant was represented by Randy Parker and Steve Card of Travers Realty. The 75,000-square-foot office building was recently purchased by Bixby Land Company for an undisclosed sum. Bixby represented itself in the lease transaction.
TEMPE, ARIZ. – A 118,355-square-foot office property in Tempe has sold to ViaWest Group for $3 million. It is located at 8375 River Parkway in ASU Research Park. The property is fully occupied by NXP Semiconductors and Wells Fargo. ViaWest plans to renovate the building once current leases expire. The seller, Blue Vista Capital Partners, was represented by Mark Detmer and Bo Mills of Jones Lang LaSalleand Don Rodie of Cushman & Wakefield.
POWAY, CALIF. – Jinx has leased 32,500 square feet at Poway Tech Center. The building is located at 13465 Gregg Street in Poway. The Internet-based clothing and accessories company will occupy the building around September. The transaction was executed by Brian Mulvaney and Matthew Bean of Voit Real Estate Services’ San Diego office.
KNOXVILLE, TENN. — Marcus & Millichap has completed the sale of a medical office building in Knoxville net-leased to dialysis provider Fresenius Medical Care for $2.49 million. The 10,440-square-foot building was constructed in 2001 and is located at 1740 Western Ave. Tim Giambrone of Marcus & Millichap’s Atlanta office represented the seller, a Tennessee-based limited liability company, and procured the buyer, a California-based private investor.
ROMEOVILLE, ILL. — Marcus & Millichap has arranged the $6.7 million sale of Rasmussen College Building, a 25,000-square-foot, Class B office property in Romeoville, located about 30 miles southwest of Chicago. Howard Wiese and John Abuja, investment specialists in Marcus & Millichap’s Chicago Downtown & O’Hare office, marketed the property on behalf of the seller, a limited liability company, and secured the buyer, an investor. Rasmussen College is the sole tenant of the property located at 1400 W. Normantown Road.
NEW YORK CITY — UBS Global Asset Management has hired Cassidy Turley for the leasing, property management and project management of an 862,000-square-foot building located at 135 W. 50th St. in Manhattan. Built in 1963, tenants at the property include Time Inc., NBC Universal, Marvel Entertainment, Nintendo of America, Fareportal, Alliance Bernstien, Mizuho Trust & Banking, WeiserMazars, Bobby Van’s Grill and Duke Café. Led by Craig Evans, senior managing director of Cassidy Turley, the leasing team includes David Hoffman Jr., executive managing director and principal; Whitnee Williams, associate vice president; and Theodora Livadiotis, associate vice president. Jack Terranova, senior vice president and principal, will lead property management, and Joseph Yacovone of Cassidy Turley will provide project management services.
TEMPE, ARIZ. – A 118,355-square-foot office property in Tempe has sold to ViaWest Group for $3 million. It is located at 8375 River Parkway in ASU Research Park. The property is fully occupied by NXP Semiconductors and Wells Fargo. ViaWest plans to renovate the building once current leases expire. The seller, Blue Vista Capital Partners, was represented by Mark Detmer and Bo Mills of Jones Lang LaSalle and Don Rodie of Cushman & Wakefield.
POWAY, CALIF. – Jinx has leased 32,500 square feet at Poway Tech Center. The building is located at 13465 Gregg Street in Poway. The Internet-based clothing and accessories company will occupy the building around September. The transaction was executed by Brian Mulvaney and Matthew Bean of Voit Real Estate Services’ San Diego office.
EL SEGUNDO, CALIF. – A 198,532-square-foot office building in El Segundo has sold to Menlo Equities for an undisclosed sum. The building is located at 101 North Sepulveda. It is 89 percent leased to Federal Express and International Rectifier. The seller, a global investment manager, was represented by HFF’s Michael Ross, Paul Brindley, Richard Plummer and Andrew Harper.