Property Type

Realterm Acquires Bernardo Mesa Technology Center in San Diego for $60.5M

by Nellie Day October 27, 2017

SAN DIEGO — Realterm Logistics has purchased Bernardo Mesa Technology Center, a 180,946-square-foot warehouse in the San Diego submarket of Rancho Bernardo, for $60.5 million. The warehouse is located at 16550 Via Esprillo. The building is fully leased. Realterm Logistics is an owner and manager of high-flow-through logistics facilities serving the transportation industry. CBRE’s Louay Alsadek, Darla Longo, Barbara Perrier, Michael Kendall and Hunter Rowe were the investment advisors. The firm’s Brent Wright provided leasing market expertise.

October 27, 2017

Colorado Multifamily Western

ColRich Multifamily Buys 272-Unit Apartment Complex in Denver for $44.9M

by Nellie Day October 27, 2017

DENVER — ColRich Multifamily has acquired The Park at Canyon Ridge, a 272-unit apartment community in Denver, for $44.9 million. The community is located at 9757 E. Colorado Ave. The Park at Canyon Ridge is situated near light rail service, schools and major employment drivers, including the Fitzsimons Medical Campus, the Southeast Business Corridor and Buckley Air Force Base. The 13-acre community features units averaging 785 square feet with washers and dryers, fireplaces and private balconies. Amenities include a large swimming pool, fitness center and dog park. The Park at Canyon Ridge is 94 percent leased. HFF’s Jordan Robbins, Jeff Haag and Anna Stevens executed the transaction.

October 27, 2017

California Loans Multifamily Seniors Housing Western

iBorrow Provides $12.5M Loan for Assisted Living Renovations Near Los Angeles

by Nellie Day October 27, 2017

OXNARD, CALIF. — iBorrow, a private commercial real estate lender, has provided a $12.5 million loan for an assisted living community currently undergoing major renovations in the Los Angeles suburb of Oxnard. Originally built in 1960, the 59,650-square-foot property sits on 2.4 acres. Following completion of the renovations in 2018, the property will feature 102 units. The borrower, Global Premier Development, has already invested $10 million into the property and plans to invest further. Meridian Senior Living will operate the community following the redevelopment project. Although the name of the community was not disclosed, Meridian lists Regency Palms Oxnard as its only community in Oxnard. The company’s website states that the community will open in March 2018.

October 27, 2017

California Restaurant Retail Western

Hanley Investment, SRS Real Estate Partners Broker $3.5M Sale of McDonald’s Ground Lease in Azusa, California

by Nellie Day October 27, 2017

AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners have arranged the sale of a single-tenant McDonald’s ground lease in Azusa. A private 1031 exchange buyer acquired the ground lease from a Newport Beach-based private investor for $3.5 million. Built in 2017, the 4,365-square-foot property features a double drive-thru. McDonald’s occupies the property on a 20-year ground lease. Eric Wohl of Hanley Investment and Michael Walseth of SRS represented the seller, while Mark Repstad of Realty Advisory Group represented the buyer in the transaction.

October 27, 2017

Arizona Office Western

ChargePoint Leases 10,000 SF Office Space at Riverwalk at Talking Stick in Scottsdale

by Nellie Day October 27, 2017

SCOTTSDALE, ARIZ. — ChargePoint has leased 10,000 square feet of office space at Riverwalk at Talking Stick in Scottsdale. The lease includes plans for the world’s largest electric vehicle (EV) charging network to install vehicle charging stations at the 176-acre, 1.5 million-square-foot, Class A office campus situated off Loop 101. Eric Walker of Cresa represented ChargePoint. Kurt Rosene of NOVO Development represented the landlord, Alter, in this transaction.

October 27, 2017

Multifamily Texas

Allied Orion Nears Completion of 242-Unit Apartment Community in Houston

by Taylor Williams October 27, 2017

HOUSTON — Allied Orion Group is nearing completion of Eighteen25, a 242-unit apartment community located in downtown Houston. The property will offer studio, one- and two-bedroom units ranging in size from 525 to 1,751 square feet. Amenities will include a rooftop pool, fitness center, clubroom, valet trash services and a dog park. Meeks + Partners designed the property.

October 27, 2017

Multifamily Texas

JLL Negotiates Sale of 138-Unit Apartment Community in Metro Fort Worth

by Taylor Williams October 27, 2017

NORTH RICHLAND HILLS, TEXAS — JLL has negotiated the sale of Diamond Loch, a 138-unit multifamily community located in the Fort Worth suburb of North Richland Hills. Scott LaMontagne, Zar Haro, Moses Siller and David Fersing of JLL represented the seller, 6100 Glenview Drive LLC, in the transaction. California Capital Real Estate Advisors Inc. purchased the asset for an undisclosed price.

October 27, 2017

Retail Texas

J. Beard Closes Sale of 94,893 SF Shopping Center in Montgomery, Texas

by Taylor Williams October 27, 2017

MONTGOMERY, TEXAS — The J. Beard Real Estate Co. has brokered the sale of Montgomery Trace, a 94,893-square-foot shopping center situated on 14 acres at 20821 Eva St. in Montgomery, about an hour northeast of Houston. Anchored by a 31,760-square-foot Brookshire grocery store, the property was 92 percent leased at the time of sale. Jeff Tinsley of The J. Beard Co. represented the seller, Montgomery Trace Shopping Center DST, in the transaction.

October 27, 2017

Office Texas

Poynter Commercial Negotiates 30,266 SF in Office Leases in Metro Houston

by Taylor Williams October 27, 2017

SUGAR LAND, TEXAS — Poynter Commercial Properties Corp. has negotiated 30,266 square feet of office leases at Commerce Green Office Park in Sugar Land. Notable individual leases include Comcast of Houston LLC’s 6,936-square-foot space and Community Impact Newspaper’s 6,397-square-foot space. Developed in 1998, the Class A, 1.2 million-square-foot property is now 100 percent leased. Kevin Poynter and Peyton Poynter of Poynter Commercial represented the landlord, Commerce Green Associates LP. in the lease negotiations.

October 27, 2017

Industrial Texas

NAI Brokers Sale of 33,000 SF Warehouse in Southeast Houston

by Taylor Williams October 27, 2017

HOUSTON — NAI Partners has brokered the sale of 33,000-square-foot warehouse located at 6922 and 6930 La Paseo St. in southeast Houston. Situated on 2.6 acres and built in 1974, the property features 16- to 22-foot clear heights and four drive-in/grade-level doors. Chris Caudill of NAI Partners represented the seller, Mitas Tower. Nabil Murad of NM Management LLC represented the buyer, Radwan A-Z LLC.

October 27, 2017

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