California

Hendy Designs 39,550 SF Headquarters for Outdoor Apparel Brand in Costa Mesa, California

by Jeff Shaw July 18, 2023

COSTA MESA, CALIF. — Hendy has completed the design of a 39,650-square-foot headquarters for outdoor apparel and gear brand 5.11 Tactical in Costa Mesa, approximately 40 miles southeast of Los Angeles. Finalized in less than 12 months from kickoff to buildout, the interior architecture integrates the apparel brand’s distinctive product materials, textiles and gear into the design. The project team included representatives from JLL, RAM Construction, Millpro USA, Impact Visual Arts and SOURCE Creative Office Interiors.

July 18, 2023

Acquisitions California Healthcare Office Western

Montecito Medical Acquires 32,000 SF Medical Office Property in Visalia, California

by Jeff Shaw July 18, 2023

VISALIA, CALIF. — Montecito Medical has acquired a 32,300-square-foot medical office property in the San Joaquin Valley city of Visalia. The property, located on the campus of Kaweah Delta Medical Center, is fully leased by Kaweah Health. Founded in 1963, Kaweah Health operates the largest healthcare facility in the county and works with more than 5,200 medical professionals across its eight campuses. The acquisition aligns with Montecito Medical’s focus on acquiring medical office properties nationwide.

July 18, 2023

California Healthcare Leasing Activity Office Western

CBRE Arranges Two Lease Extensions at Oakland’s Rotunda Building

by Jeff Shaw July 18, 2023

OAKLAND, CALIF. — CBRE has arranged two lease extensions totaling 10,000 square feet at the Rotunda Building in Oakland. The extending tenants include East Bay Endoscopy Surgery Center, an outpatient endoscopic facility specializing in gastroenterology, and East Bay Center for Digestive Health, a provider of comprehensive gastroenterology and hepatology services. Rubicon Point Partners owns the 300,000-square-foot office and retail building, and is currently underway on upgrades to building systems, common areas and tenant amenities. CBRE’s Andy Schmitt, Trent Holsman and Alex Robertson represented the landlord. Michael Sharapata of JLL represented East Bay Endoscopy Surgery Center, while Russel Gallaway of Gallaway Commercial represented East Bay Center for Digestive Health.

July 18, 2023

Acquisitions California Office Western

Global Net Lease Sells Office Property in San Jose for $50M

by Jeff Shaw July 17, 2023

SAN JOSE, CALIF. — Global Net Lease. has agreed to sell an office property in San Jose for $50 million. The property, originally acquired by GNL in 2014 for $52.5 million, will be converted to residential use by a local developer. Further details were not disclosed.

July 17, 2023

Acquisitions California Industrial Western

Levin Johnston Arranges $14.5M Sale of Industrial Portfolio in Burlingame, California

by Jeff Shaw July 17, 2023

BURLINGAME, CALIF. — Levin Johnston has arranged the $14.5 million sale of an industrial portfolio in the Bay Area city of Burlingame. The 1.6-acre site consists of eight separate industrial suites in two adjacent buildings. The transaction comprised two adjacent properties with 31,415 square feet of leasable space. Both properties are zoned for warehouse use with flex office space. The properties include on-site external parking, 14-foot ceiling heights and multiple drive-in bays for warehouse access. They are located at 890 Mahler Road and 1550 Gilbreth Road. The Levin Johnston team of Adam Levin, Robert Johnston and Jessica Tomasetti represented both the buyer and seller of the properties.

July 17, 2023

California Industrial Leasing Activity Western

National Transportation Company Signs 125,480 SF Lease at Logistics Center in Ontario, California

by Jeff Shaw July 17, 2023

ONTARIO, CALIF. — CRST The Transportation Solution Inc. has signed a long-term lease for a 125,480-square-foot warehouse in the Inland Empire city of Ontario. The company plans to establish a truck maintenance and logistics center in the facility, which Realterm owns. Stream Realty Partners represented the tenant in the transaction, while Colliers International represented the landlord.

July 17, 2023

Acquisitions California Office Western

American Plus Bank Acquires Two Office/Flex Buildings in Arcadia, California for $5.3M

by Jeff Shaw July 17, 2023

ARCADIA, CALIF. — American Plus Bank has acquired two office/flex buildings in Arcadia, just northeast of Los Angeles, for $5.3 million. The buyer plans to utilize a portion of the property for one of its retail bank locations. Built in 1968, the property includes 38 parking spaces and provides high visibility and easy access. The office suites feature kitchens, private restrooms, private offices/conference rooms, server rooms, reception areas and open work areas. Andrew Berk of Avison Young represented the seller, a local family trust, while Jennie Ching of KW Commercial represented the buyer.

July 17, 2023

California Development Multifamily Western

UC San Diego Breaks Ground on Student Center, 2,400-Bed Residence Hall Development

by Jeff Shaw July 14, 2023

SAN DIEGO — The University of California San Diego has broken ground on its previously announced student center and 2,400-bed residence hall development. The four-building student center, named Triton Center, is set for completion in 2026. One of the buildings will be home to the university’s student health, and mental health and well-being services. This property will include an urgent care space, primary care, pharmacy services, wellness services and a new home for the university’s counseling and psychological services department. Triton Center will also include an alumni and welcome center; multi-purpose building with a 500-person event space; an art gallery; and a student academic resources building. The academic resources building will expand the university’s existing Teaching + Learning Commons program, with facilities for its transfer student success hub, global initiatives, campus support and administration. Development plans have also been announced for Ridge Walk North Living and Learning Neighborhood, a residence hall project set to open in fall 2025. The community will offer 2,400 beds for undergraduate students. The building will also include updated administrative and teaching space for the university’s Thurgood Marshall College, School of Global Policy and Strategy, and the Department of Economics in the School of Social Sciences. …

July 14, 2023

Acquisitions California Retail Western

Wood Investments Acquires 25,500 SF Retail Property in San Clemente, California

by Jeff Shaw July 14, 2023

SAN CLEMENTE, CALIF. — Wood Investments Cos. has acquired a 25,000-square-foot, single-tenant retail property in San Clemente for $7 million. The 99 Store occupies the property, which is situated within Pico Plaza shopping center. “The 99 Store has been a good tenant and partner of ours in other centers, and this was another opportunity to partner with them again,” says Patrick Wood, chief executive officer and president of Wood Investments. The seller was not disclosed.

July 14, 2023

Acquisitions California Retail Western

Progressive Brokers $7.2M Sale of Single-Tenant Retail Asset in Corona, California

by Jeff Shaw July 14, 2023

CORONA, CALIF. — Progressive Real Estate Partners has brokered the $7.2 million sale of a single-tenant retail property located in the Inland Empire city of Corona. Merit Auto Spa, a full-service car wash center, occupies the building, which is an outparcel to Corona Hills Marketplace. A California-based private investor purchased both the property and business. Victor Buendia of Progressive represented the undisclosed seller in the transaction.

July 14, 2023

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