LIVERMORE, CALIF. – Tech Park at North Canyons, a two-building, 145,220-square-foot office/R&D property in Livermore, has sold to an unnamed buyer for an undisclosed sum. The Class A property is located at 455 and 477 North Canyons Parkway. It is 65 percent occupied. Notable tenants include Nissan, Kraft and Caltrans. The seller, Prime Finance Partners, is represented by HFF’s Steven Golubchik and Mark Damiani.
NAPA, CALIF. – Cinemark Holdings has opened a new 12-screen, all-digital movie theater in Napa. The new Cinemark NextGen cinema design concept is located at 195 Gasser Drive behind the South Napa Marketplace. It includes a Cinemark XD: Extreme Digital Cinema auditorium, as well as a new CineVino Wine Bar, which features local wines from Napa Valley and Sonoma County.
DESERT HOT SPRINGS, CALIF. – The Caliente Springs RV & Self Storage in Desert Hot Springs has sold to an unnamed buyer for $3.1 million. The 139,033-square-foot property is located at 15305 Little Morongo Road. Both the buyer and the unnamed seller were represented by Stephen Grossmanof NAI Capital’s Orange County office in cooperation with C-III Realty Services, LLC.
TUSTIN, CALIF. – An 18,120-square-foot office building in Tustin has sold to Americana Project One, LLC, for $2.44 million. The vacant building is located at 111 Fashion Lane. Chuck Wilson and Blake Garrett of Colliers International represented both the buyer and the seller, Chu Family Trust, in this transaction.
LAS VEGAS – A 6,232-square-foot building in Las Vegas that is occupied by Tire Workshas sold to an unnamed buyer for $2.1 million. It is located at 8532 Blue Diamond Road. Tire Works has 11 years remaining on its lease with three, five-year options to renew. Ray Germain and Tina D. Taylor of Marcus & Millichap’s Las Vegas office represented the seller, a limited liability company, in this transaction.
WICHITA, KAN. — Simon Property Group is converting a portion of the 951,447-square-foot Towne West Square into a space dedicated to a variety of medical users. According to the company, transforming the space to medical use will be convenient to patients and will allow medical users to cluster, as many physicians prefer to office near each other. Additionally the mall has a built-in customer base, with 6 million visitors each year. “The concept of converting mall space into a non-traditional use is a growing trend and we are seeing successful results for both the tenant and landlord,” says Jeff Englert of Grubb & Ellis/Martens Commercial Group. Grubb & Ellis will represent Simon in leasing space at Towne West Medical Plaza.
FORT WAYNE, IND. — Inland Real Estate Corp. has completed the development and leasing of Orchard Crossing, a 12,000-square-foot shopping center in Fort Wayne. The tenants include Noodles & Co., Verizon Wireless, Kay Jewelers and Sleep Number by Select Comfort. The property is located at the intersection of Illinois and Thomas roads in Fort Wayne.
CHICAGO RIDGE, ILL. — Marcus & Millichap has arranged the $1.2 million sale of two apartment buildings at 9945 and 9955 Nottingham Ave. in Chicago Ridge. The 12-unit buildings feature ample off-street parking and on-site laundry facilities. Andrean Angelov and Ryan Engle of Marcus & Millichap represented the seller, a financial institution. They also represented the buyer.
MILWAUKEE, WIS. — Landworks Wisconsin, a landscaping company, has purchased an industrial building in Milwaukee to expand its business, for $816,000. The 8,200-square-foot property is located at 1205 W. Mount Vernon Ave. Kurt Van Dyke of Cassidy Turley Barry represented the seller, Ron Sanfilippo, in the transaction. Michael Moony of NAI/MLG Commercial represented the buyer.
OMAHA — Darland Construction has started the renovation of a six-story building in Omaha. Once complete in August 2013, the newly named Victory Apartments & Offices will provide affordable housing to U.S. veterans, as well as office and classroom space. American First Real Estate Group acquired the building from Grace University earlier this year, as part of a community project to serve the needs of veterans. The first floor will house classrooms and offices for the university and a 7,000-square-foot fitness facility and community room for residents. Clinical offices for the Nebraska-Western Iowa VA Medical Center will be located on the second floor, while the upper floors will become apartments.