DALLAS — Goodson Acura has purchased a 12,000-square-foot office building, located at 2710 Oak Lawn Ave. in Dallas, for its corporate offices. Eliza Solender of Solender/Hall represented the seller, Cancer Support Community, in the transaction. Russell Cosby and Doug Carignan of Jones Lang LaSalle represented Goodson Acura.
SAN FRANCISCO — CIM Group has acquired the office building that resides at 330 Townsend in San Francisco’s South of Market (SOMA) district. The purchase price was not disclosed. The building is situated near the CalTrain San Francisco Station and the new Central Corridor transit line, which is currently under construction. It is currently 98 percent leased to a variety of creative and professional services firms.
LAKEWOOD, WASH. — Lakewood Colonial Center, a 114,691-square-foot retail center, has sold to Westwood Financial Corp. for an undisclosed sum. The center is located at 9400 Gravelly Lake Drive and 9310 Bridgeport Way in Lakewood, which is southwest of Tacoma. It contains two parcels, a 75,000-square-foot North Block and a 40,000-square-foot East Block. Westwood purchased the REO center from a local bank.
VAN NUYS, CALIF. – The 25-unit Vose Manor in Van Nuys has sold to Vose Regency Apartment, LLC for $4.1 million. The community is located at 15329 Vose Street. Ziv Kozaski and Michael Dixon of NAI Capital’s Encino office represented both the buyer and the seller, Vose, LLC and C.F. Saticoy, in this transaction.
GARLAND, TEXAS — Marcus & Millichap has arranged the sale of a 336,499-square-foot manufacturing and distribution facility for $10.7 million in Garland. The property is net-leased to Apex Tool Group and is located at 3000 W. Kingsley Road. John Glass of Marcus & Millichap's San Francisco office, along with James Bell of the firm's Houston office, represented the seller in the transaction. Glass and Scott Pertel, also of Marcus & Millichap's San Francisco office, represented the buyer. The facility is expected to be upgraded with a new roof this year.
GLENDALE, CALIF. – A 473,345-square-foot industrial complex in Glendale has sold to Rexford Industrial for $56.2 million. The institutional-quality complex is located at 3332-3424 North San Fernando Road and 3550 Tyburn Street. It contains seven buildings spread out among 21 acres. It is fully leased to tenants like Staples, Anderson Printing, Nordstrom and Pep Boys. In addition to the industrial component, the complex also contains two retail frontage buildings. Steve Silk, Jay Borzi and Adam Pastor of Eastdil Secured represented both the buyer and the seller, a non-disclosed institutional owner, in this transaction.
DIAMOND BAR, CALIF. — Diamond Hills Plaza, a 139,314-square-foot grocery- and drug-anchored neighborhood retail center in Diamond Bar, has sold to Retail Opportunity Investments Corporation (ROIC) for $48 million. The center is located at 2711 S. Diamond Bar Blvd. It is 99.4 percent leased to tenants like the Asian supermarket chain Super H-Mart, Rite-Aid Pharmacy, Starbucks, Burger King, KFC, HSBC Bank, Pacific Dental and Flame Broiler. The seller, Country Hills Holdings, LLC, was represented by Dixie Walker, Charley Simpson and Tom Blake of Cassidy Turley.
SAN JOSE, CALIF. — Chateau La Salle, a 434-unit housing community in San Jose, has received $43.8 million in financing. It is located at 2681 Monterey Road. The 10-year, fixed-rate loan has a 30-year amortization schedule. The Fannie Mae Delegated Underwriting and Servicing (DUS) Loan was originated by Tim Thompson of Greystone’s San Francisco office. The deal was brought to Greystone by Robert Mallett, of Marcus & Millichap Capital Corporation.
SAN JOSE, CALIF. — Nimble Storage has signed an eight-year lease for a 165,000-square-foot Silicon Valley office campus. The lease is valued at more than $31 million. The newly redesigned, three-building complex is located at River Oaks Parkway and Zanker Road in San Jose. Nimble Storage was represented by Steve Lico and David Tipton of Cresa Partners. The landlord, Bixby Land Company, was represented by Steve Horton, Kelly Yoder and Erik Hallgrimson of Cassidy Turley.
FORT LAUDERDALE, FLA. — The Morgan Group has broken ground on a 331-unit mid-rise apartment development in Flagler Village in Fort Lauderdale. Morgan acquired the site, which is located just north of the Las Olas River, in December 2012. The first move-ins are projected for summer 2014. The project marks the company's return to South Florida and its first development in Broward County. “We were very active in the area until the late 1990s and are looking forward to growing our presence here once again,” says Mike Morgan, CEO and chairman of The Morgan Group. “The area is ripe for residential units and amenities that are designed specifically with urban professionals in mind.”
