Property Type

EVERETT, WASH. – The Daily Herald has relocated its headquarters in Everett. The newspaper, which is owned by Sound Publishing, will move to 1800 Forty First Building this March. It is relocating from Commando Road. The newspaper will occupy 15,915 square feet. The two-building property formerly served as the headquarters for Verizon/Frontier Communications. The property was sold earlier this year, though its seller, Frontier, still occupies one of the buildings. The landlord was represented by Daniel Seger, Brent Jackson and Pat McCabe of Jones Lang LaSalle in this lease transaction.

PALO ALTO, CALIF. — Rockwood Capital has acquired a 50,000-square-foot office building in downtown Palo Alto for $53 million. The building is located at 130 Lytton across from the city’s Caltrain Station. It is fully leased to A9, a subsidiary of Amazon, which uses the facility as its headquarters. The four-story building has outdoor patios on every floor. Rockwood teamed up with Tarlton Properties on this acquisition. The seller, KG-Lytton, LLC, was represented by Kevin Cunningham of Cornish and Carey Commercial Newmark Knight Frank, and Hernan Santos and Charlie McCabe of CBRE.

RANCHO CUCAMONGA, CALIF. — Inland Empire Health Plans (IEHP) has purchased Atrium at Empire Lakes, a 392,702-square-foot office complex in Rancho Cucamonga, for $50.8 million. The complex is located at 10801 E. 6thStreet. The building was at 42 percent occupancy when it went into receivership in 2012. Its occupancy is now above 90 percent. IEHP took up residency at the building in mid-2013. It currently occupies 207,307 square feet in a lease that is valued at $100 million. Other notable tenants at the complex include State Farm, Parsons Construction and Chicago Title. Trigild was the property’s appointed receiver. The firm worked with Cushman and Wakefield and Fernando Landa of CGS3 law firm to close the distressed asset sale. Trigild will continue to act as the complex’s property manager.