GARDEN GROVE, CALIF. – A 46,180-square-foot industrial building in Garden Grove has sold to Hager Pacific Properties for more than $3 million. The property was located at 12300 Industry Street. Mike Bouma and Paul Caputo of VOIT Commercial represented both Hager Pacific and the seller, Farmers & Merchants Bank. The duo will also market the property.
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COMPTON, CALIF. – FedEx has signed a seven-year lease extension for its nearly 158,000-square-foot warehouse/distribution building in Compton. The 62,250-square-foot space is located at 201 W. Manville Street. FedEx was represented by Jeff Kernochan of Fischer & Company. The landlord, 201 W. Manville LLC, was represented by Maury Gentile and Sean O’Donnell of Grubb & Ellis.
LONG BEACH CALIF. – HCP has agreed to purchase 133 senior housing communities from a joint venture between Emeritus Corporation and Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group, for $1.73 billion. The joint venture had initially acquired the portfolio out of bankruptcy in 2010 and invested $42 million in capital improvements. The properties, which are located in 29 states, were operated by Emeritus. As part of the current deal, Emeritus will sign a new triple-net master lease that will allow it to continue operating these communities. The company also agreed to invest $30 million in the properties and to purchase nine remaining properties from the Blackstone JV. Long Beach-HCP will provide $52 million in secured debt financing for this acquisition. The 133 communities contain a total of 10,350 units. They include a mix of assisted living, independent living, memory care and skilled nursing facilities.
LOS ANGELES – The 65-unit Culver Vista Apartments in West Los Angeles has sold to Culver Place, LLC for $12.5 million. The community is located at 11730 to 11846 Culver Blvd. The seller, Culver Vista Partners, was represented by Hamid Soroudi of Charles Dunn Company. Soroudi leads Charles Dunn Company’s The Soroudi Group.
TORRANCE, CALIF. – The 272,245-square-foot PROLOGIS Capelin Distribution Center has opened in Torrance. It is located at 20000 S. Western Ave. The Class A, LEED-certified center is situated on a 14-acre site that previously held a vacant steel plant. It was designed by HPA and built by KPRS. David Prior of Klabin/CORFAC and Todd Taugner and Frank Schulz of Klabin Company/CORFAC in Torrance will serve as the center’s exclusive leasing agents.
JACKSONVILLE, FLA. — Global Income Trust, a real estate investment trust, has acquired an 817,632-square-foot distribution center in Jacksonville for $42.5 million. The Class A industrial building is located within the 1,500-acre Imeson International Industrial Park. It is fully leased to Samsonite LLC, a subsidiary of Samsonite International S.A., the world’s largest travel luggage company, and serves as the primary North American distribution center for Samsonite.
COLUMBIA, S.C. — CMC Construction Services Warehouse, located at 500 Huger St. in Columbia, has sold to Arnold Realty Co., completing an assemblage of properties to be redeveloped for the University of South Carolina. The industrial property adds 1.6 acres to the University development, which will be constructed as a state-of-the-art student housing project that will serve as a gateway to the University’s campus at Blossom and Huger streets. The complete development site totals four acres. Keith Moore of CBRE/Columbia represented Arnold Realty Co.
NORTH CHARLESTON, S.C. — Faber Centre, a four-story, 97,000-square-foot Class A office building, has sold to LAF Brothers Properties LLC in North Charleston. Atlanta-based Holder Properties and Charleston, S.C.-based Durlach Associates developed the property in a joint venture. It is currently 94 percent leased to regional and national office tenants. Colliers International represented both parties in the transaction.
MIAMI — An affiliate of Doral, Fla.-based The Easton Group has acquired two adjacent industrial buildings totaling 58,954 square feet at 3939 and 3901 N.W. 27th St. in Miami, just east of the Miami International Airport, for $2.9 million. The existing tenant, GA Telesis, signed a five-year lease as part of the transaction. GA Telesis markets, sells and leases aircraft engines. Espirito Santo Bank handled the transaction’s financing.
TAMPA, FLA. — Monument Leasing Co. has sold a 25,800-square-foot warehouse for approximately $1 million to 7902 Anderson Road Crossings LLC, which plans to occupy the building after significant renovations. The building is located in a predominately<