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.
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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.
LOS ANGELES — Step It Up on Second Inc. has acquired 1057 Vine Street, a 20,700-square-foot property in Los Angeles, for $3 million. The Santa Monica-based non-profit agency plans to remodel the property, which features 32 units and ground-floor retail space, for its own use. Leonard Bailes of Bailes & Associates represented the buyer; Martin McDermott of Grubb & Ellis represented the undisclosed seller.
CHARLOTTE, N.C. — Newport Beach, Calif.-based Buchanan Street Partners has signed Ally Bank to a 133,000-square-foot office lease in Charlotte. Ally Bank will anchor the 368,000-square-foot property, located at 440 South Church St., when it opens in September. Trinity Partners and HDR have also signed leases for space in the LEED Silver building.