PORTLAND, ORE. – A trio of self-storage facilities throughout the Pacific Northwest has received $9.3 million in refinancing. They include South Medford Self Storage in Medford, Ore.; Iron Gate Storage in Beaverton, Ore.; and Iron Gate Mega Storage in Vancouver, Wash. The storage facilities contain a total of 160,000 square feet. Financing was secured by Peter Norrie of Cohen Financial’s Portland office. It was provided by a Midwestern life insurance company.
SAN DIEGO — 1Mission, a mixed-use residential and retail property in the San Diego submarket of Mission Hills, has sold to Paragon Acquisitions, LLC for $8.6 million. It is located at 4033 Goldfinch Street. The 20,111-square-foot property was developed by CLB Partners. The buyer was represented in-house by Dan Berkus. The seller, Paseo de Mission Hills, LLC, was represented by Michael Burton of Cassidy Turley and Linville Martin of Perry Commercial Real Estate.
OXNARD, VENTURA, CALIF. — Kaiser Permanente has purchased two Class A buildings in Central California that it currently occupies for $15.2 million. The buildings are located at 2200 East Gonzales in Oxnard and 888 South Hill in Ventura. Each building contains 31,235 square feet and is fully occupied by Kaiser. The seller, Wilmington Trust, which worked on behalf of a privately held trust, was represented by CBRE’s Bryan Lewitt, Chris Bodnar, Lee Asher and Chris Isola.
LOS ANGELES – A 48-unit apartment complex in Valley Village has sold to a local apartment owner/operator for $15.2 million. The community is located at 11925 Kling Street just southwest of North Hollywood. The complex was originally built in 2012 as for-sale condos. Matt Ziegler of Marcus & Millichap’s Encino office represented both the buyer and the seller, which was also a local apartment owner/operator.
SAN DIEGO – The 31-unit Grove Meadow Apartments in Imperial Beach has sold to Charles Kreutzkamp for $3.5 million. The community is located at 1445 Grove Ave. in southern San Diego. It was fully leased at the time of sale. Kreutzcamp was represented by Eric Comer, Jim Neil and Merrick Matricardi of CBRE San Diego. The seller, Song 1985 Trust, was represented by Andrew Parashos of Torrey Pines Property Management.
WOODLAND, CALIF. – Walmart has announced plans to open a new Walmart Neighborhood Market in Woodland. The smaller-format store will occupy a 62,000-square-foot building at 1250 E. Gibson Road about 15 miles northwest of Sacramento. The building was previously occupied by Mervyn’s at the County Fair Fashion Mall. The mall is owned by County Fair Fashion Mall, LLC and managed by Primero Management. Scott Sterlekar serves as the mall’s director of real estate and leasing.
BOYNTON BEACH, FLA. — Global Fund Investments and MMG Equity Partners have acquired Whitworth Farms, an 88,424-square-foot, Publix-anchored retail center in Boynton Beach. Built in 2008, the center is located on Hagan Ranch Road, just east of the Florida Turnpike. An estimated 56,000 people live in a three-mile radius of the center, with an average household income of $87,000 per year. Acquired via a short sale, the shopping center is 71.8 percent leased with two available outparcels. Global will manage the center.
FORT MYERS, FLA. — Chico's FAS recently opened a new 146,000-square-foot store support center at 11215 Metro Parkway in Fort Myers. The building is located on the 60-acre Chico's National Support Center (NSSC) campus. The support center includes human resources, real estate, e-commerce, technology and store design, and will create as many as 450 jobs. The center will help the company support the nearly 1,400 women's specialty stores it operates across the country and help manage future growth. Brands under Chico's FAS include Chico's, White House | Black Market and Soma Intimates. Gora/McGahey Architects provided the architectural design, documentation and construction administration services for the project.
ROYAL PALM BEACH, FLA. — Marcus & Millichap has received the exclusive listing for a freestanding, 76,701-square-foot Regal Cinemas movie theater in Royal Palm Beach, a village in central Palm Beach County. The listing price of $18.5 million equates to $241 per square foot. The 18-screen theater is located at 1003 N. State Road 7, across from the Breakers Ree Jones Golf Course and the Mayacoo Lakes Country Club. Lori Schneider, Dean Zang and Mark Taylor of Marcus & Millichap are representing the seller in the transaction.
RUSTON, LA. — Griffin-American Healthcare REIT II has acquired five medical office buildings in Ruston, Greeley, Colo., and Abilene, Texas, for $47 million. Currently, the REIT's portfolio totals 148 buildings valued at $1.4 billion. The portfolio is 96.8 percent leased with a weighted average remaining lease term of approximately 9.4 years. American Healthcare Investors and Griffin Capital Corp. are the REIT's co-sponsors.