JERICHO, N.Y. — Long Island, N.Y.-based Metropolitan Realty Associates has moved its headquarters from Garden City, N.Y., to 500 N. Broadway in Jericho. Established in 2002, Metropolitan Realty owns more than 700,000 square feet of office space on Long Island, including the Business and Research Center at Garden City in Garden City, N.Y.; Sunrise Business Center in Great River, N.Y.; and the Jericho Atrium in Jericho, N.Y.
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LOS ANGELES — Evan’s First LLC has disposed of an 18,858-square-foot office building, which is located at 2100 Sawtelle Blvd. in Los Angeles. 2100 Sawtelle Blvd LLC, a group of 1031 Exchange buyers, acquired the property for $5.8 million. The three-story garden-style property was 65 percent occupied at the time of acquisition. T.C. Macker and Craig Newlands of Coldwell Banker Commercial WESTMAC represented the seller; Justin Altemus of The Altemus Company represented the buyer in the deal.
SAN DIEGO — Grubb & Ellis|BRE Commercial’s Capital Market Group has arranged a $12.6 million loan for 3525 John Hopkins Court LLC. The loan is for a 48,233-square-foot wet lab facility located in San Diego’s Torrey Pines submarket. Gary Goss of Grubb & Ellis|BRE Commercial arranged the transaction.
ROSEVILLE, CALIF. — Adventist Health System West has leased more than 37,000 square feet of space at 1101 Creekside Ridge Drive in Roseville. The two-story building offers 88,000 square feet of office space. Tom Bacci of Grubb & Ellis represented the tenant; Jon Walker, also of Grubb & Ellis, represented the landlord, RREEF America REIT II Corp., in the transaction. Additional terms of the lease were not released.
CORAL GABLES, FLA. — Florida East Coast Realty has completed the 130,00-square-foot 2020 Ponce office building. The 14-story property, located on Ponce de Leon Boulevard in Coral Gables, includes ground-floor retail and a six-level parking garage. Build-outs are currently underway on 90,000 square feet of preleased space.
TAMARAC, FLA. — Tamarac Commons LLC has acquired the 27,828-square-foot Tamarac Commons office development from Yomtob Acquisitions for $2.57 million. The two-building property is located at 7300-7310 W. McNab Rd. in Tamarac. Scott O’Donnell, Dominic Montazemi, Miguel Alcivar and Kirk Nelson of CB Richard Ellis’ Fort Lauderdale, Fla., office brokered the sale.
SYRACUSE, N.Y. — Michael James of NorthMarq Capital has secured $3.5 million in financing for a 74,000-square-foot Syracuse office building. Located at 225 Greenfield Parkway, the property houses Brookfield Renewable Power. The 10-year loan, which carries a 25-year amortization schedule, was financed by a federal credit union.
CANTON, MASS. — Vermont Pure Holdings, a bottled water distributor, has singed a lease with an undisclosed landlord for 23,966 square feet of office space in the Shawmut Business Park. The building is located at 95 Shawmut Rd. in Canton. Matthew Morgan of Framingham, Mass.-based Parsons Commercial Group represented the tenant.
SAN FRANCISCO — Access Properties has purchased a 12,484-square-foot office building, which is located at 91 Westborough Blvd. in San Francisco, for $3.2 million. The buyer plans to occupy the first floor of the property; the second floor is leased by Varsity Logistics. James Marzoni and Graham Woodall of Cornish & Carey Commercial represented the buyer; Simon Clark of Grubb & Ellis represented the undisclosed seller in the deal.
SANTA ANA, CALIF. — An undisclosed buyer has acquired The Atlas Building, which is located at 1833 E. 17th St. in Santa Ana. The 20,539-square-foot office building sold for $1.8 million. The property consists of 42 suites. Pasha Darvishian of Marcus & Millichap’s Newport Beach, Calif., office represented the seller, a private investor, in the transaction.