YORBA LINDA, CALIF. – A 34,972-square-foot, multi-use building in Yorba Linda has sold to BSKO, LLC for $3.8 million. The property is located at 22895 Eastpark Drive within the master-planned community of Savi Ranch. The space will serve as BSKO’s new headquarters. The company was represented by Seth Davenport of Voit Real Estate Services. The seller, Eastpark Drive LLC, was represented by Zach Niles, Garrett McClelland and Steve Wagner of Jones Lang LaSalle Orange County.
SANTA MONICA, CALIF. – A 1,987-square-foot retail property in Santa Monica has sold to an unnamed buyer for $1.85 million. It is located at 2301 Wilshire Blvd. across from a Whole Foods Market. The buyer was represented by Mitch Stokes of Madison Partners. The unnamed seller was represented by Geno St. John, William Althouse and T.C. Macker of Coldwell Banker Commercial WESTMAC.
CENTENNIAL, COLO. – Centennial Office Plaza, a 63,380-square-foot, multi-tenant office building, has received $2 million in financing. The property is located at 12150-12200 E. Briarwood Ave. in Centennial. The funding was arranged by Steve Koeneke and Brock Yaffe of NorthMarq’s Denver regional office.
SUPERIOR, COLO. – Kumon Learning Centerhas leased 1,405square feet of space at Superior Marketplace in Superior. Kumon was represented by Jetta Yacovetta of West USA Premier. The landlord, Brixmor Property Group, was represented in-house by Paul Sheppard.
MAULDIN AND SPARTANBURG, S.C. — The Terrace at Butler, a 132-unit Class B apartment complex located at 771 E. Butler Rd. in Mauldin, has traded for $8.4 million to a California-based investor seeking to expand an apartment portfolio into the Carolinas. Tony Bonitati, Kay Hill and Gwinna Cahal of Greenville, S.C.-based NAI Earle Furman represented the local seller. The NAI Earle Furman team also represented the seller of the 89-unit Schuyler Apartments, located at 275 S. Church St. in downtown Spartanburg, which was sold to an Alabama-based buyer that plans to redevelop the building as part of a revitalization effort in downtown Spartanburg. The building, which was a lender-owned asset, was originally built in the 1950s and NAI Earle Furman worked with the City of Spartanburg in obtaining approvals to ensure redevelopment.
CLEARWATER, FLA. — A $7.1 million construction loan has been arranged for Seasons Largo, an assisted living facility located at 1475 E. Bay Dr. in Clearwater. Robert Hernandez of NorthMarq arranged the financing for the borrower, Center Bay Office Inc., through NorthMarq’s relationship with a national bank on a 60-month term with interest-only for 36 months then a 30-year amortization schedule.
TALLAHASSEE, FLA. — Regency Centers (NYSE: REG), a national owner, operator and developer of grocery-anchored shopping centers, will renovate the 78,583-square-foot Carriage Gate, a neighborhood center located at Thomasville Road and State Road 261 north of Interstate 10 in Tallahassee. Trader Joe’s, which is new to the market, will open a 13,000-square-foot space in Carriage Gate in 2013. Regency also secured a long-term lease with existing anchor T.J. Maxx, which is in a 25,600-square-foot space. The shopping center, which was built in 1978, will be renovated with a new exterior facade and awnings, and the parking lot will be reconfigured for improved traffic flow and additional parking.
ORLANDO AND CELEBRATION, FLA., AND SAVANNAH, GA. — Inland American Lodging Group Inc. (IALG), wholly owned subsidiary of Inland American Real Estate Trust Inc., has agreed to acquire a portfolio of three luxury hotels including the Grand Bohemian Hotel in Orlando, Bohemian Hotel Celebration in Celebration and Bohemian Hotel Savannah Riverfront in Savannah. All three are founding hotels of Marriott’s Autograph Collection, a collection of artistically inspired boutique hotels. IALG entered purchase agreements with hotelier and developer Richard Kessler on the three properties. The acquisition of Bohemian Hotel Celebration is expected to close out all three purchases in January 2013.
MAPLE GROVE, ILL. — Oppidan Investment Co. has started construction on a new, 20,600-square-foot Goodwill store in Maple Grove. The facility is being built on two acres owned by the developer at 13644 80th Circle N. The store will be Goodwill's second location in Maple Grove. Construction is slated for completion in January. Goodwill, which will lease the building from Oppidan, has not yet announced an opening date.
CHICAGO — Engineered Recycling Co. (ERC) has signed a five-year lease for 54,000 square feet of industrial space at 4100 W. 76th St. in Chicago. The space is located within a 796,454-square-foot complex. ERC will take in recycled plastics and melt the plastic into useable pellets. The company currently has a plant in North Carolina. Matt Rogatz of Chicago Industrial Real Estate represented the tenant in the transaction.