SANTA ROSA, CALIF. — Cushman & Wakefield has negotiated Anvil Development’s acquisition of four acres in Santa Rosa, just north of San Francisco, for $1.5 million. The developer plans to build a 59-bed skilled nursing facility on the property. A.J. Ventures sold the plot. The skilled nursing facility will be 37,000 square feet once completed. The Cushman & Wakefield team of Travis Ives, Matt Davis, Terry Jackson and Curtis Buono represented the buyer in the transaction.
LOS ANGELES — CBRE has arranged the sale of a single-tenant retail building located in Los Angeles. An Orange County, Calif.-based family partnership sold the building to a Los Angeles-based private investor for $17.9 million. Numero Uno Markets occupies the 24,575-square-foot building on a long-term, triple-net corporate lease. Arthur Flores of CBRE represented the seller, while Janet Newman of Charles Dunn Co. represented the buyer in the deal.
WEST COVINA, CALIF. — CalBay Development has purchased a restaurant site at the Plaza West Covina Mall in West Covina for $5.5 million. Elephant Bar previously occupied the space, but vacated in late 2016. The property, which also includes a freestanding Pacific Western Bank, totals 1.75 acres and 11,500 square feet of gross leaseable area. The Kozakov-Wade team of CBRE/Los Angeles represented the sellers, a private family and heirs of the original property developer in the deal.
YUCAIPA, CALIF. — Progressive Real Estate Partners has arranged the sale of Yucaipa Plaza, a retail and office property located at 34469-79 Yucaipa Blvd. in Yucaipa. An Orange County, Calif.-based private investor sold the property to a Los Angeles-based private investor for $3.5 million. Built in 1970, the 37,453-square-foot building features ground-floor retail space and office space on the second floor. Current tenants include Papa John’s Pizza, Boost Mobile and Allstate. Greg Bedell and Pablo Velasco of Progressive Real Estate Partners represented the seller and buyer in the deal.
SACRAMENTO, CALIF. — A joint venture between Lowe Enterprises Investors (LEI) and The Family Office (TFO) has acquired Gateway Center, a four-building office portfolio in the South Natomas area of Sacramento, for an undisclosed sum. Gateway Center is located along Interstate 5 near the Interstate 80 interchange. The JV plans to update the properties, including lobby renovations, landscape and lighting improvements, and upgrades to conference rooms, common areas and outdoor gathering spaces. Peter Morgan led the LEI acquisition team. Los Angeles law firm Eisner Jaffe represented the joint venture. This is the first acquisition by the LEI/TFO joint venture, which plans to acquire several additional West Coast office properties in 2017.
GLENDALE, CALIF. — PSI Services has leased 23,589 square feet of office space in Glendale. The Class A space is located at 611 N. Brand Blvd. PSI committed to an 11-year lease. The company is relocating its corporate headquarters from 17,308 square feet at 2950 N. Hollywood Way in Burbank. Jacob Bobek of Avison Young represented PSI in the deal. Jones Lang LaSalle represented the landlord, LNR Partners.
EASTVALE, CALIF. — Amazon has leased a 1 million-square-foot logistics center in Eastvale. Located within a 205-acre, mixed-use development, the new space will offer a variety of space options, including distribution, business park, retail and medical. It will be situated directly off the Cantu-Galleano Ranch Road Exit on the I-15. Amazon is scheduled to occupy the new facility in 2018. Goodman Group will build Goodman Commerce Center Eastvale.
SAN DIEGO — Renovate America has leased 160,000 square feet of office space at the Rancho Vista Corporate Center in the San Diego submarket of Rancho Bernardo. The center is located at 16409 W. Bernardo Drive. The seven-year lease was one of the largest signed in San Diego in 2016, according to CBRE. CBRE represented both the landlord, Swift Real Estate Partners, and Renovate America in the transaction.
JURUPA VALLEY, CALIF. — Star Holdings LLC has acquired a 32,898-square-foot manufacturing/distribution facility in Jurupa Valley for $4.1 million. The facility is located at 4758 Troy Court. The building was completed in January as part of the Galena Business Park. It sits on 68,389 square feet of land.
POMONA, CALIF. — A joint venture between Clear Capital and Bascom Group has acquired the 349-unit Monterey Station apartment community in Pomona for $85 million. The community is located at 120-180 E. Monterey Ave. It sits across from Pomona Metro Station and adjacent to the Western University of Health Sciences. The seller was Realm Real Estate. Dean Zander, Joe Leon and Jeff Rowerdink of Berkadia executed the sale.