CARLSBAD, CALIF. — Drawbridge Realty Trust has purchased Pacific View Corporate Center, an 80,862-square-foot office building in Carlsbad for $22.2 million. The Class A center is located at 5759 Fleet Street in the Carlsbad Ranch area. It is fully leased to Synteract and RF Micro Devices. Drawbridge was represented by Rick Reeder, Joe Anderson and Dennis Visser of Cassidy Turley’s North San Diego office. The seller, TA Realty Associates, was represented by Jeff Cole, Ed Hernandez, Michael Roberts and Brunson Howard of Cushman & Wakefield.
SANTA FE SPRINGS, CALIF. — L.A. Specialty Produce has signed a 270,000-square-foot lease in Santa Fe Springs. The wholesale produce, dairy and specialty foods distributor will expand its headquarters and warehouse operations by 82,000 square feet. The facility is located at 13527 Orden Drive within the Golden Springs Business Park. L.A. Specialty was represented by John McMillan and Jeff Sanita of Cushman & Wakefield. The landlord, Thrifty Oil, an affiliate of Golden Springs Development Co., was represented by Clyde Stauff and Steve Calhoun of Colliers.
MOUNTAIN VIEW, CALIF. – Google has agreed to lease space at the former Mayfield Mall in Mountain View. The mall is currently undergoing a transformation that will turn it into a 500,000-square-foot office campus. Construction on the Class A office complex should be completed in 2014. It is located at 100 Mayfield Ave. in Silicon Valley.The mall was originally built in 1966. Notable tenants included J.C. Penney, Wells Fargo Bank and the Mayfair Market grocery store. The mall is owned by a joint venture between Rockwood Capital, LLC and Four Corners Properties. Kevin Cunningham and Jack Troedson of Cornish & Carey Commercial Newmark Knight Frank represented the landlordin this transaction.
COMMERCE, CALIF. — KTR Capital Partners has purchased a four-property industrial portfolio in Commerce for an undisclosed sum. The 254,000-square-foot portfolio is located along 61st and Randolph streets. The buildings are 85 percent leased to six tenants. The disposition was handled by Mike Sidney, Mike Foley, John McMillan, Jeff Sanita, Jeff Chiate and Jeff Cole of Cushman & Wakefield. The seller was Erwin & Essie Appel Trust.
CARLSBAD, CALIF. — Drawbridge Realty Trust has purchased Pacific View Corporate Center, an 80,862-square-foot office building in Carlsbad for $22.2 million. The Class A center is located at 5759 Fleet Street in the Carlsbad Ranch area. It is fully leased to Synteract and RF Micro Devices. Drawbridge was represented by Rick Reeder, Joe Anderson and Dennis Visser of Cassidy Turley’s North San Diego office. The seller, TA Realty Associates, was represented by Jeff Cole, Ed Hernandez, Michael Roberts and Brunson Howard of Cushman & Wakefield.
SILVER SPRING, MD. — Bethesda, Md.-based Washington Property Co. has obtained $75 million in permanent financing for its Solaire-Metro community, a 295-unit luxury apartment building located at 1150 Ripley St. in Silver Spring. The property is currently 95 percent occupied. ING Investment Management LLC provided the 20-year loan to Washington Property Co. Walker & Dunlop and Sage Capital represented Washington Property Co. in the transaction.
TRINITY, FLA. — LTC Properties Inc. has entered into an agreement to purchase a 120-bed skilled nursing property in Trinity for $14.4 million. An affiliate of Traditions Management operates the property, which is located in the Tampa-St. Petersburg-Clearwater MSA. The seniors housing facility was built in 2008. The property's new master lease, which includes four other properties leased by Traditions Management, has a 10-year term with two five-year renewal options.
RICHMOND, VA. — CBRE | Charlottesville has brokered the sale of Glen Lea Centre, a 78,493-square-foot shopping center located at 3802-3804 Mechanicsville Turnpike in Richmond. Save-A-Lot anchors the center, which also includes Dollar General, Rent-A-Center, KFC and Kool Smiles Children's Dentistry. PK Kamath of CBRE | Charlottesville, along with William Kent and Gary Lawrence of CBRE's Washington, D.C., office, represented the seller, PCS Glen Lea LLC, in the transaction.
MIAMI — Resorts World Bimini and Resorts World Miami are locating their headquarters in the Omni Offices, an office building located at 1501 Biscayne Blvd. in downtown Miami. The two entities will staff about 150 employees and occupy approximately 30,000 square feet. The lease transaction is downtown Miami's largest new occupancy of the year, according to Continental Real Estate Cos. (CREC). Omni Offices also houses the Miami International University of Art & Design, the U.S. State Department, and the U.S. Diplomatic Security and Passport Agency. An additional 185,000 square feet of office space is available at the property. Steven Hurwitz, Douglas Okun and Amy von Hofen of CREC are spearheading the property's leasing and marketing campaign on behalf of the Genting Group, owner of Omni Offices.
SUWANEE, GA. — Dallas-based Lincoln Property Co. Southeast has closed on the sale of a two-building office/warehouse complex totaling 16,740 square feet in Suwanee, a suburb east of Atlanta. The property is located at 390 Brogdon Road. Lincoln Property was the court-appointed receiver for the property. Home South Communities, a residential home builder, purchased the property for $825,000. Denton Shamburger of Lincoln Property represented the owner and lender in the sale. The property was built in 2000 and includes private offices, two docks with oversized doors, conference rooms, break room and large work areas.