SAN DIEGO – A 115,290-square-foot industrial building in the San Diego submarket of Otay Mesa has sold to Niceride 1 LLC for $8.1 million. The building is located at 8851-8877 Kerns Street within the master-planned Siempre Viva Business Park. Otay Mesa Leasing recently signed a new 10-year lease at the park. The building will serve as the firm’s corporate headquarters. Regan Tully of Cassidy Turley’s Otay Mesa office represented both Niceride and the sellers, JJB Silverhawk, LP and VCH No. 1 LP, in this transaction.
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LOS ANGELES — The Shops at Library Court, a 9,903-square-foot, ground-floor retail space that sits below 90 luxury loft condominiums in Los Angeles, has sold to a local private investor for $6.9 million. The space is located at 630 W. 6th Street. The center is fully occupied by tenants like Ocho Mexican Grill, Loose Leaf, Subway, Mitaki, Library Bar and Sixth Street Tavern. Eric P. Wohl of Hanley Investment Group and Carlos J. Lopez of HI Urban Retail Advisors represented both the buyer and seller, a San Francisco-based private investor, in this transaction.
GOODYEAR, ARIZ. — Schoeller Arca Systems has leased 77,046 square feet of space at Goodyear Crossing Industrial Park. The park is located at 3801 S. Cotton Lane in Goodyear. The Netherlands-based plastic injection molding manufacturer leased this warehouse and distribution space because it is situated across from its 150,000-square-foot manufacturing facility. Schoeller Arca Systems represented itself in this transaction, while the landlord, Duke Realty, was represented by Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE’s Phoenix office.
SCOTTSDALE, ARIZ. — Theranos has leased a 20,000-square-foot wing at SkySong 3 in Scottsdale. Skysong, the ASU Scottsdale Innovation Center, is located at 1475 N. Scottsdale Road, next to the Arizona State University campus. The consumer healthcare technology company will be one of the largest tenants at the project. Skysong 3 is now more than 80 percent leased. Theranos was represented by CBRE. The landlord was Plaza Companies.
FREMONT, CALIF. — Dress Barn has signed a lease for a 6,597-square-foot space in The Block at Pacific Commons Shopping Center in Fremont. The space is located at 43824 Pacific Commons Blvd., near Interstate 880. Dress Barn will join anchors Target, Costco and Century Theaters at the outdoor shopping center. The store is expected to open this fall. Dress Barn was represented by Tom Power and Ross White of SRS Real Estate Partners. The landlord, Catellus Development, was represented by Annie Jabuka of Terranomics.
ATLANTA — RLJ Lodging Trust has acquired the 194-room Hyatt Atlanta Midtown for $49.5 million. The hotel, which opened in 1987 as a Wyndham, underwent a $23 million renovation and conversion to the Hyatt brand in 2013. Hodges Ward Elliott Inc. represented the undisclosed seller in the transaction. RLJ Lodging Trust now owns 147 hotels and two planned hotel conversions in 21 states and Washington, D.C.
COLLEGE PARK, MD. — Greystone has provided a $29.3 million bridge loan on The Enclave at 8700, a student housing property located within a mile of the University of Maryland in College Park. The Enclave features 94 one-, two- and four-bedroom suites, as well as a 24-hour complimentary shuttle bus, study lounge, electronic key access, fitness center and Wi-Fi. Andrew Ellis of Greystone closed the 24-month floating rate loan with two six-month extensions and an interest-only period for the first 18 months. Jared Cassidy of Marcus & Millichap Capital Corp. and Payton Banks of Marcus & Millichap originated the financing.
POOLER, GA. — Carolina Holdings Inc. has opened Landing 405, a retail strip center located at 405 Pooler Parkway in Pooler, about 10 miles outside of Savannah. The property’s tenant roster includes Starbucks Coffee, Tijuana Flats and McAlister’s Deli. The project team includes architect McMillan Pazdan Smith, civil engineer LeCraw Engineering and general contractor Harper Corp. GrandSouth Bank provided construction financing.
DUNN, N.C. — Flagship Healthcare Real Estate Fund has acquired Harnett Health Medical Park, an 18,623-square-foot medical office building in Dunn, about 40 miles south of Raleigh. The property is located at 803 Tilghman Drive and is adjacent to Harnett Health’s 101-bed Betsy Johnson Hospital. Built in 2012, the medical office building is fully leased to Harnett Health with tenants including Dunn Medical Services, WakeMed Cardiology and Harnett Health’s Wound Center.
HAMPTON, GA. — NorthMarq Capital has arranged $13 million to refinance Walden Landing Apartment Homes, a 240-unit apartment community in Hampton, roughly 28 miles south of Atlanta. Bill Matone of NorthMarq Capital’s Charlotte office arranged the 10-year Freddie Mac loan with a 30-year amortization schedule.