REDLANDS, CALIF. – Medline Industries has leased a 147,677-square-foot industrial building in Redlands. The facility is located at 1455 Research Drive. Medline plans to fully occupy the building. The company was represented by Chuck Belden of Cushman & Wakefield. The landlord, BlackRidge Real Estate Group/ Verde Realty, was represented by Juan Gutierrez, Frank Geraci, Walt Chenoweth and Patrick Wood of Voit’s Inland Empire office.
Property Type
LOS ANGELES – Garment manufacturer Ginger Green has purchased a 37,607-square-foot industrial building in Los Angeles for an undisclosed sum. The building is located at 3616 Noakes Street. Richard Horn and Philip T. Attalla of NAI Capital represented the seller, Tan Atlantic Petrolia, LLC, in this transaction.
COLMA, CALIF. – Office Depot has leased 14,446 square feet of space at the 280 Metro Center in Colma. The space was previously occupied by Magnolia Hi-Fi. Other tenants at the center include Bed, Bath & Beyond, Best Buy, Home Depot Pro, Marshall’s, Nordstrom Rack, Old Navy and Ulta. Office Depot was represented by Todd Oliver with Terranomics Retail Services. The center is owned by Kimco Realty Corporation.
RICHMOND, VA. — The Greysteel Company has arranged the $28.6 million sale of the 296-unit Essex Village Apartments, located at 105 Engleside Drive in Richmond. Amenities include laundry facilities, a playground and a basketball court. Ari Firoozabadi, John Mullen, Kyle Tangney, Henry Schuldinger and Caleb Brown of Greysteel represented the sellers, Federal Capital Partners and St. Charles Co. The buyer was GH Capital.
CORAL GABLES, FLA. — Rilea Group has completed the $18 million, 51,664-square-foot International Finance Bank Building, located at 777 SW 37th Avenue and SW 8th Street in Coral Gables. General Funding Corp. of the Bahamas owns the building, which Nichols Brosh Wurst Wolfe and Associates designed. Recently, the property received LEED Gold certification. International Finance Bank, the anchor tenant, occupies 25,000 square feet of the 48,000 square feet of office space. The remaining space is retail. Donna Abood and Matthew Anderson of Collers International are the property's leasing agents.
BELTSVILLE, MD. — CBRE Group has arranged the $5.45 million sale of a 72,222-square-foot office and distribution building, located at 11900 Old Baltimore Pike in Beltsville. The property is fully leased. Bruce Strasburg and Marc Rampulla of CBRE Group represented the seller, Beltsville I, in the transaction. The buyer was 11900 Old Baltimore Pike LLC, an entity controlled by Isaac Pretter and Eron Sodie.
ANDALUSIA, ALA. — SRS Real Estate Partners has negotiated the $3.92 million sale of the 97,000-square-foot Andalusia Marketplace, a shopping center located in Andalusia. The center is fully leased to Tractor Supply Co., Marvin's Building Materials and Food Giant. Josh Burmeister and Buff Teague of SRS represented the seller.
JACKSON, MISS. — American Real Estate Capital (AREC) has negotiated a $16 million loan secured by the fee simple interest in the 276-room Hilton Jacksonville, located in Jackson. The hotel features 27,000 square feet of meeting space. AREC arranged the three-year loan with two, one-year extension options.
AURORA, ILL. — Phonak LLC has purchased a 92,692-square-foot flex building at 444 North Commerce Dr. in Aurora for $4.7 million. Phonak was an existing tenant within the building and originally leased 27,095 square feet in 2011. Dan O'Neill, Jeff Fischer and Kelly Disser of NAI Hiffman represented the seller, Duke Realty, in the transaction. Sven Sykes and RIck Morris of Colliers International represented the buyer.
BLOOMINGTON AND ROSEVILLE, MINN. — Cost Plus World Market is returning to the Minneapolis-St. Paul market this September, after leaving the Twin Cities market in 2009. The company is opening two stores in the area Sept. 13. One will be located at 4250 West 78th St. in Bloomington and another will open at the Rosedale Marketplace at 2401 Fairview Ave. North in Roseville. Cost Plus World Market is a specialty retailer known for furniture, home decor and gifts from across the globe.