GARDEN GROVE, CALIF. — Driver SPG, a division of C.W. Driver Companies, has started construction of the St. Callistus Chapel and Crypts, a new worship space located underneath Christ Cathedral in Garden Grove. The $14.5 million chapel, designed in a modern Byzantine architectural style, will feature sacred art from Granda of Madrid, Spain, and will accommodate 220 people with a marble altar for masses and devotional shrines on each side. The project is scheduled for completion by summer 2024. It will include hundreds of niches and burial spaces for generations of Diocese of Orange bishops.
Property Type
CapRock Partners Purchases 92,366 SF Valley Center Business Park in City of Industry, California
by Jeff Shaw
CITY OF INDUSTRY, CALIF. — CapRock Partners has acquired Valley Center Business Park, a 6.5-acre, multi-tenant industrial complex in the City of Industry. The property includes about 92,366 square feet of industrial warehouse space across six buildings. It is strategically positioned for value-add investment in the heart of San Gabriel Valley’s industrial market. CapRock plans to enhance the property’s functionality and marketability through immediate capital improvements.
ESCONDIDO, CALIF. — Express Dry has acquired a 14,000-square-foot industrial building located at 1449 Simpson Way in Escondido for $4.4 million. The purchase was made under the entity Expressunits1449 LLC. The building will facilitate the company’s expansion plans in the Escondido submarket of North San Diego County. JLL’s Chris Baumgart represented the buyer. San Diego Commercial represented the seller, Marky Sparky Toys.
SAN DIEGO — Phase 3 Real Estate Partners has signed three new leases with life sciences companies at GENESIS-Del Mar, an 86,000-square-foot lab building in the Del Mar Heights submarket of San Diego. The building is located at 12250 El Camino Real. The new biotech companies, Mabwell Therapeutics, Genece Health and Lygos, will occupy spaces ranging from 4,000 square feet to 12,000 square feet. JLL’s Chad Urie, Grant Schoneman and Taylor DeBerry represented Phase 3 Real Estate Partners in the three lease transactions.
AURORA, ILL. — Focus, in collaboration with development partner Atlantic Residential and property owner Centennial, has begun the second phase of redevelopment at Fox Valley shopping center in Aurora. This phase includes a 323-unit luxury apartment community as well as a 212-unit seniors housing development, each expected to be completed by fall 2025. In June, Focus completed Lumen, a 304-unit luxury apartment community now being leased at Fox Valley. Being constructed on the site of a former Carson’s store, Phase II will feature apartments with unique amenities such as an outdoor coworking space. The senior living component will offer independent living, assisted living and memory care services. Announcements regarding retail, entertainment and restaurant tenants will be made closer to the completion of Phase II.
REDFORD, MICH. — DTE Energy has inked a new industrial lease for 528,340 square feet at Pinnacle Logistics Park in Redford, a northwest suburb of Detroit. The property is located at 24400 Glendale Road. Jared Friedman of Friedman Real Estate represented the undisclosed landlord. CBRE represented Detroit-based DTE, which will use the facility to store equipment.
WESTFIELD, IND. — Developer Mia Rose Holdings has broken ground on Chatham Hills Luxury Living, a 250-unit apartment complex in Westfield, a far north suburb of Indianapolis. The development will feature 124 one-bedroom units, 114 two-bedroom units and 12 three-bedroom apartments across eight buildings. The project will be situated within the Chatham Hills planned residential and recreational development. The community will provide access to a nature trail and lake recreation as well as feature amenities such as a pool, golf simulator, fitness facility and pickleball courts. Completion is slated for August 2024. The project team includes Rosemann & Associates as architect, Midas Construction as general contractor, V3 Cos. as civil engineer and Engenuity as the mechanical, electrical and plumbing engineer.
CHICAGO — Moody Bible Institute has renewed its 36,956-square-foot industrial lease at 2701 S. Western Ave. in Chicago. Situated in the city’s Little Village neighborhood, the property features a clear height of 20 feet, four loading docks and convenient access to I-290 and I-55. Mandy Lewandowski and Chris Mergenthaler of DarwinPW Realty/CORFAC International represented the landlord, Welbic IV. Julie Lane of Cresa represented the tenant.
ELGIN, ILL. — Civil engineering firm Hampton, Lenzini & Renwick has signed a 15,129-square-foot office headquarters lease at Fisher Corporate Center in Elgin. The firm will relocate its executive team and office functions from its current space at 380 Shepard Drive in Elgin once the new lease begins in September. The company will continue to use 380 Shepard Drive as a field office. Built in 1993 and located at 1707 N. Randall Road, Fisher Corporate Center rises four stories and totals 436,000 square feet. Amenities include onsite food service, a fitness center and conference center. Jonathon Connor and Steve Kling of Colliers represented the owner, John B. Sanfilippo & Son Inc. David Rogers of RVG Commercial Real Estate represented the tenant.
HIALEAH, FLA. — Terra has delivered Natura Gardens, a 460-unit, garden-style apartment community located on the west side of Hialeah, a suburb in northwest Miami-Dade County. The 23-acre property comprises 12 residential buildings with units ranging from one to three-bedrooms. Units range in size from 727 to 1,603 square feet and rental rates range from $2,000 to $3,350 per month. Natura Gardens is situated directly south of the planned American Dream mall in Miami Lakes and between I-75 and the Florida Turnpike. Amenities include a two-story clubhouse with a resort-style pool and spa; a covered kitchen prep area and grilling station, sink and refrigerator; outdoor tiki hut areas with hammocks, tables and umbrellas, and lounge chairs on beach sand; a media room, billiards and children’s playroom; a lounge with a bar and kitchen; modern fitness center with yoga, aerobics and spinning studios; a business center with coworking spaces and a coffee bar; a children’s “tot-lot: with recreational equipment and electronic charging stations; residents-only dog park and outdoor spaces including open lawns, lakes, preserves and mobile device charging stations throughout the entire community. The design team includes Pascual, Perez, Kiliddjian Architecture (PPK), with the development’s clubhouse and model units designed by …