CORONA, CALIF. — Faris Lee Investments has completed the $2.6 million sale of a Wells Fargo Bank building located at 11764 De Palma Rd. in Corona. Built in 2009, the 5,000-square-foot property is situated within The Shops at Sycamore Creek. Faris Lee’s Dennis Vaccaro and Richard Walter represented the seller, Orange County, Calif.-based Shops at Sycamore Creek LLC, in the transaction.
DULUTH, GA. — NCR Corp. has signed a lease renewal for 187,298 square feet and an expansion of 64,198 square feet with Satellite Realty Holdings. The deal extends NCR's original office lease by 6 years; the new lease will expire in 10 years and 9 months. The space is located at 2651 Satellite Blvd. in Duluth. John Shlessinger and John Ferguson of CB Richard Ellis represented NCR. Steve Morgan of Grubb & Ellis represented the landlord.
FAIRFIELD, IOWA — Pantheres LLC has purchased an 88,000-square-foot Class A office building in Fairfield. The Books are Fun division of Reader’s Digest sold the vacant property for an undisclosed price. The buyer plans to re-tenant the property. Kirk Hiland of NAI Iowa Realty represented both parties in the transaction.
GARDEN CITY, N.Y. — A joint venture between Metropolitan Realty Associates and Angelo Gordon & Co. has procured a $23.5 million loan for the refinancing of Business and Research Center at Garden City on Long Island. The property consists of two buildings totaling 188,500 square feet. It is located at 1000 Stewart Ave. and 500 Endo Blvd. in Garden City. At the time of closing, the property was fully occupied by a tenant roster that includes Lifetime Brands, Angion Biomedica Corp., Home Medical Equipment and Nassau Community College. The lender was M&T Bank and the terms of the loan were not disclosed.
SAN DIEGO — Cushman & Wakefield has negotiated the more than $3.5 million purchase of a two-story, 12,760-square-foot office building located at 10803 Thornmint Rd. in the 4S Ranch community of San Diego. Cushman & Wakefield’s Marc Posthumus represented the buyer, 10805 Thornmint Road LLC, and Brian Driscoll and Brian Starck of Cassidy Turley/BRE represented the seller, Mission Federal Credit Union.
SKOKIE, ILL. — A regionally based nursing home management company has purchased a 10,000-square-foot, one-story office property in Skokie. Located at 8131 N. Monticello, the property features 12 private offices, two conference rooms and a full kitchen. The buyer plans to use the facility as its corporate office. Andrew Glatz of Crown Heights Realty represented the buyer; Josh Rosenberg of ICI Commercial represented the seller, SRF Investments, in the transaction. The asking price was $1.15 million.
MARLBOROUGH, MASS. — Spectrum Microwave is expanding and relocating its Marlborough office. The company has signed a lease for 42,832 square feet at 400 Nickerson Road within Marlborough Technology Park, and it will take occupancy in May. Spectrum Microwave was previously located at 165 Cedar Hill St., also in Marlborough. Jim Elcock, Bill Lynch and Tom O'Brien of Colliers Meredith & Grew represented the tenant in lease negotiations. Paul Leone of Richard Barry Joyce & Partners represented the landlord, Normandy Real Estate Partners. Marlborough Technology Park is a seven-building, 573,576-square-foot office campus located on Nickerson Road.
PORTLAND, ORE. — KBS REIT II has acquired the 20-story One Main Place office tower in Portland’s central business district. Comprising an entire city block bounded by Main, First, Second and Salmon streets, the 315,133-square-foot, Class A One Main Place is Portland’s 16th largest office building. Eastdil Secured’s Russ Cooper and Darwin Rodriguez represented the undisclosed seller in the transaction, and KBS Capital Advisors, an affiliate of KBS Realty Advisors, represented KBS REIT II. Originally built in 1982 and boasting an occupancy of 99 percent, One Main Place is located immediately across the street from the Federal Courthouse and a block from the Willamette River and Hawthorne Bridge.
JACKSONVILLE, FLA. — Eola Capital has sold the 60,176-square-foot Southpoint Building to David Gonzales Co. for $1.8 million. The six-story office property is located at 6620 S. Southpoint Drive in Jacksonville. Karl Johnston of Cushman & Wakefield's Jacksonville office represented the seller.
HOLLYWOOD, FLA. — Ryan Nee of Marcus & Millichap's Fort Lauderdale, Fla., office has brokered the $1.81 million sale of a 12-warehouse portfolio between two private parties. The buildings, located on seven parcels just north of Pembroke Road in Hollywood, total 44,400 square feet. The properties are currently 90 percent occupied.