LOS ANGELES — An unnamed buyer has acquired a 20-unit apartment complex in the Koreatown district of Los Angeles for $2.1 million. The community is located at 859 S. New Hampshire Ave. The asset was purchased as a value-add play. Adam Peterson of RE/MAX Commercial represented the seller, a family trust, in this transaction.
CAMARILLO, CALIF. — Lady’s Slipper 1031 LLC, a private investor, has acquired a 113,000-square-foot industrial building in Camarillo for $12.8 million. The building is located at 750 W. Ventura Blvd. along the Highway 101 corridor. Bob Tuler of Radius Commercial Real Estate and Investments represented the buyer. Mike Catalano and Craig Newlands of Savills Studley represented the seller, Sentinel Properties, in this transaction.
LOS ANGELES — A joint venture between Zion Enterprises and TA Partners has purchased a 1.3-acre development site in downtown Los Angeles for an undisclosed sum. The site is situated on Grand Avenue and Cesar Chavez Avenue. The land is entitled for a 22-story, 299-unit multifamily tower with 8,000 square feet of ground-floor retail. The JV received development entitlements during escrow. CBRE’s Laurie Lustig-Bower and Kamran Paydar represented the seller, an affiliate of locally based Cimmarusti Holdings, in this transaction.
HAYWARD, CALIF. — EP Container Corp. has renewed its lease for an 18,000-square-foot industrial warehouse/distribution facility in the East Bay submarket of Hayward. The facility is located at 1672 Delta Court. The property is situated within a larger multi-tenant warehouse space that features office space, dock-high and drive-in loading access, ample parking and significant power. Kate Webster of Cushman and Wakefield represented the renter. Greig Lagomarsino and Rick Keely of Colliers International represented the landlord, MIREF Delta Court LLC, in this transaction.
IRVINE, CALIF. — Toshiba America has leased 96,000 square feet of office space at University Research Park in Irvine. The park sits adjacent to UC Irvine, which features tech and innovation incubators including the 47,000-square-foot Cove and the Vine, where startups have generated more than $24 million in funding. The 185-acre office park is currently home to more than 75 companies and more than 8,000 employees. Toshiba America will move its electronics components, information systems and logistics companies to the campus, which is currently undergoing updates. JLL’s Louis Tomaselli and Steve Wagner represented Toshiba.
OCEANSIDE, CALIF. — Kellermeyer Bergensons Services LLC, an Oceanside-based provider of retail and grocery technology, has purchased Image by J&K LLC, a provider of facilities maintenance services. Image was founded in 2006 and operates in 34 states. GI Partners, a private equity investment firm, is the majority owner of Kellermeyer Bergensons Services.
SAN DIEGO — The Kashani Family has purchased The Scripps Collection, a 47,302-square-foot office property in the San Diego submarket of Scripps Ranch, for $10 million. The property is located at 9775 Businesspark Ave. and 10021 Willow Creek Road. It was built in the mid- to late 1980s. The Scripps Collection is fully leased. Peter Curry and Duncan Dodd of Cushman & Wakefield represented both the buyer and seller, HighBrook, in this transaction.
SAN DIEGO — Retail Opportunity Investments Corp. has acquired Torrey Hills Corporate Center, a 23,595-square-foot office property in the San Diego submarket of Del Mar Heights, for $9.8 million. The property is located at 11250 El Camino Real. It was about two-thirds vacant at the time of sale. Peter Curry and Duncan Dodd of Cushman & Wakefield represented both the buyer and seller, HighBrook Investors, in this transaction.
EL SOBRANTE, CALIF. — El Sobrante Partners LLC has acquired a 30-unit apartment building near Berkeley for $6.5 million. The community is located at 4350 San Pablo Dam Road in the Contra Costa submarket of El Sobrante. Matt Ziegler, Jeff Louks and David Wolfe of Marcus & Millichap represented both the buyer and seller, another LLC, in this transaction.
DUBLIN, CALIF. — Ross Stores recently opened 23 Ross Dress for Less and five dd’s DISCOUNTS stores across 15 different states in February and March. These new locations are part of the company’s plans to add approximately 70 Ross and 20 dd’s DISCOUNTS locations during 2017. With these recent openings, Ross Stores Inc. now operates 1,561 Ross Dress for Less and dd’s DISCOUNTS stores across 37 states, the District of Columbia and Guam. Looking ahead, Ross hopes to grow to 2,000 locations with dd’s DISCOUNTS becoming a chain of 500 stores.