REDDING, CALIF. — Marcus & Millichap has arranged the $13.6 million sale of a 94,418-square-foot Shopko located in Redding. The property is located at 55 Lake Blvd., less than a half-mile from Interstate 5. Glen Kunofsky and Mike James of Marcus & Millichap represented the undisclosed seller in the transaction.
UPLAND, CALIF. — Faris Lee Investments has arranged the sale of a single-tenant retail property located at 685 W. Foothill Blvd. in Upland. Sunrz Holdings acquired the 33,350-square-foot property from Mission Plaza Properties for $6 million, or $180 per square foot. The freestanding building is occupied by 24 Hour Fitness. Jeff Conover of Faris Lee represented the seller in the deal.
CORONADO, CALIF. — Cushman & Wakefield has arranged the sale of a multi-tenant retail property located at 820-826 Orange Ave. in Coronado. 820 Orange Ave LLC acquired the 12,801-square-foot property from The Siegel Trusts for $5.2 million. Built in 1952, the property is anchored by Coronado Village Theaters. Andrew Peterson of Cushman & Wakefield represented the seller and buyer in the transaction.
NEW YORK CITY — Equicap has secured a $7.5 million permanent loan for a six-story commercial property located in the Union Square section of New York City. Daniel Hilpert arranged the five-year refinancing loan for the undisclosed borrower. The property is occupied by a restaurant chain and various office tenants.
CHICAGO — Klaff Realty LP, a privately owned real estate investment company, has acquired a 26,380-square-foot shopping center in Chicago’s South Loop neighborhood for $6.1 million. The fully leased property is located at 542-566 W. Roosevelt Road. Nicholas Kanich, Evan Halkias and Michael Marks of Cushman & Wakefield represented the buyer. The seller in the transaction was undisclosed.
LOS ANGELES — NAI Capital has arranged the sale of a retail property located at 2128-2152 W. Washington Blvd. in Los Angeles’ West Adams Heights neighborhood. Washington-Western LLC sold the 22,400-square-foot property for $6.6 million, or $268 per square foot. Built in 1924, the property was delivered vacant to the undisclosed buyer as a condition of the sale. Parham Khoshbakhtian of NAI Capital represented the seller in the deal.
SAN FRANCISCO — An undisclosed buyer has acquired a three-tenant retail property located at 1720-1790 Fulton St. in San Francisco for $4.6 million. Constructed in 2004, Chase Bank, Glow Spa and Great Clips occupy the property. Erich Reichenbach of Marcus & Millichap represented the seller, a private investor, and the buyer in the transaction.
ELK GROVE, FRESNO AND KINGSBURG, CALIF. — Retail California has arranged three leases for retail space in Elk Grove, Fresno and Kingsburg totaling 6,858 square feet. In the first deal, Ritas Italian Ice leased 1,200 square feet of space at 8519 Bond Road in Elk Grove from JJD-HOV Elk Grove LLC. Rachael Orlando and Peter Orlando of Retail California, along with Scott Caruth of CBRE, brokered the transaction. In the second deal, Gurpreet and Pawandeep Singh leased 3,000 square feet of retail space at 8020 N. Cedar Ave. in Fresno from J&V Fresno. Nick Frechou and John Lee of Retail California, along with Mike Mele of Commercial West Associates, arranged the transaction. In the third deal, Jose Robles leased 2,658 square feet of retail space at 1881 Sixth Ave. in Kingsburg from Barletta Hansen for an undisclosed price. Frechou and Lee represented the landlord, while Mark Henry of Colliers International represented the tenant in the deal.
METUCHEN, N.J. — Woodmont Properties has opened the first phase of Woodmont Metro at Metuchen Station, a transit-oriented apartment community located in downtown Metuchen at the New Jersey Transit Metuchen Train Station. The recently opened phase includes Pearl Street parking garage, a six-level, 796-space parking garage for residents, commuters and shoppers. Managed by Nexus Parking Systems, the parking deck will feature 24-hour on-site service representatives, covered parking, self-service kiosks, daily and monthly rates, vehicle charging stations and portable battery jumper service, as well as handicapped parking and elevators on every level. Slated for completion by the end of 2017, the development will feature 273 residential apartments, an open-space piazza and 11,500 square feet of shops and restaurants.
NEW YORK CITY — Rosewood Realty Group has arranged the sale of a single-story retail building located at 630 Forest Ave. in the West New Brighton section of Staten Island. 12 Franklin Realty Corp. purchased the 7,836-square-foot building from 630 Forest Avenue LLC for $4.9 million. Built in 1930, the building is currently leased to Duane Reade. Michael Guttman of Rosewood Realty represented the buyer and the seller in the deal.
