SAN DIEGO – Construction is now complete on San Ysidro Health Center clinic and urgent care center in the San Diego submarket of Chula Vista. The 46,016-square-foot center is located at 678 3rd Street. It is scheduled to open for patients this December.The building was originally purchased by San Ysidro Health Center last March for about $12 million. It underwent extensive renovations to accommodate three of the health center’s satellite clinics. They include Chula Vista Family Clinic, Otay Family Health Center and South Bay Family Urgent Care Center. The new space has also allowed the health center to expand its community health services. It now offers behavioral health and dental services, as well as ancillary services like digital X-rays.Construction was completed by Consolidated Contracting Services. Boulder & Associates served as the project architect.
Property Type
LOS ANGELES – A 10-unit apartment building in Studio City has sold to a local private investor for $2.4 million. The community is located at 11019 Fruitland Drive in the Los Angeles submarket. It was built in 1985 and recently underwent a renovation. The buyer was represented by Sapphire Investment Company. The seller, US Trust, a Bank of America Trustee, was represented by Kimberly Roberts Stepp of Charles Dunn Company.
FREMONT, CALIF. – A 22,505-square-foot office building in Fremont has sold to a limited liability company for $3.1 million. The building is located at 200 Brown Road. It was 90 percent occupied by many short-term tenants at the time of sale. The LLC was represented by Bryan Webb of Marcus & Millichap’s San Francisco office.
CARY, N.C. — Dominion Realty Partners LLC, a multifamily developer and investor based in Raleigh, N.C., has broken ground on Parkside Place, a 294-unit apartment community. The Class A community will be located on a 13-acre tract at the intersection of Highway 55 and Highway 540 in Cary, which is within the Raleigh-Durham-Chapel Hill Triangle area. The community will feature a swimming pool with a sundeck and will be integrated with Parkside Town Commons, a 435,000-square-foot retail center whose tenants include Target, Harris Teeter, Frank Theatres, Field & Stream and Golf Galaxy. Dominion Realty will lease and manage the new community on-site. The new apartment community is expected to be delivered in the first quarter of 2015.
SANFORD, FLA. — NAI Realvest has arranged the $3 million sale of a 242,000-square-foot warehouse and distribution facility at 1201 Cornwall Road in Sanford. George Livingston, Christie Alexander, Drew Saphos and Paul Vera of NAI Realvest represented the seller, Columbus, Ohio-based Lake Mary Industrial Partners LLC. Colliers International represented the buyer, 1201 Cornwall LLC.
MORRISVILLE, N.C. — Duke Realty has signed Flextronics Americas LLC to a lease renewal for 322,699 square feet of space at 1000 and 1200 Innovation Avenue within Woodlake Center in Morrisville. Woodlake Center is a master-planned industrial park totaling 812,000 square feet. Jackson Rives of Cushman & Wakefield | Thalhimer, along with Duke Realty’s Hooker Manning, represented Duke Realty in the transaction.
FORT LAUDERDALE, FLA. — Greenspoon Marder, a full-service business law firm, has leased four floors at 200 E. Broward Blvd., a 21-story Class A office tower in downtown Fort Lauderdale. The law firm’s 64,964-square-foot lease and expansion is the largest law firm lease renewal and expansion in South Florida this year, according to Jones Lang LaSalle. Sandra Andersen of Jones Lang LaSalle represented the landlord, VV USA City LP, an entity represented by Invesco Real Estate. Thomas Capocefalo and Gregory Katz represented Greenspoon Marder in the transaction. With the lease, 200 E. Broward Blvd. is 88 percent leased.
COLUMBIA, MO. — Campus Advantage has acquired The Domain at Columbia, marking its second purchase in the University of Missouri market. Campus Advantage also owns Campus View Apartments. The Domain at Columbia includes 654 beds in 228 units contained in eight three-story, garden-style buildings. The community offers one-, two- and four-bedroom apartments, as well as four-bedroom townhomes that include utilities in the rent. The property was fully occupied at the time of sale. Amenities include a resort-style swimming pool, full-size volleyball court, outdoor kitchen with grilling stations, poolside hammock area, two competitive horseshoe pits and an outdoor fire pit. The Domain also features an 11,600-square-foot clubhouse with game room, fitness center, full swing golf simulator, theater room, business center, three private conference rooms, Internet café, stand-up tanning booth and Wi-Fi access throughout the property.
WEST OMAHA, NEB. — Q10 | Daisley Ruff Financial has arranged a $5.5 million permanent loan through a correspondent lender for Empire Spectrum, a 143,050-square-foot office and industrial complex in West Omaha. The non-recourse loan carries an interest rate of 4.4 percent and includes a 25-year amortization schedule. Bob Chalupa, senior vice president of Q10 | Daisley Ruff Financial, arranged the financing.
PALATINE, ILL. — Sperry Van Ness Chicago Commercial has arranged the sale of a 1.5-acre site including a 4,363-square-foot retail building in suburban Chicago for $1.4 million. The freestanding retail building, which was previously occupied by Applebee’s, is located at 741 E. Dundee Road in Palatine. The parcel has been sold to a local developer who plans to redevelop the parcel into a new 10,000-square-foot, multi-tenant retail center. Craig Franzen and Ben Andrews of Sperry Van Ness represented the buyer and seller in the transaction.