SACRAMENTO, CALIF. — Mathnasium, a national math learning center, has leased 1,400 square feet at 3333 Arden Way in Sacramento’s Arden Arcade district. Franchisee owner/operator Jeff Pudewell/Y Corp. plans to open a new franchise at the location in early 2017. Tom Conwell of Newmark Cornish & Carey represented the tenant, while Gretchen Tobin and Keith Mellor of ProEquity Real Estate Services, a division of ProEquity Asset Management Corp., represented the landlord, United Growth Capital Management Corp.
OXNARD, CALIF. — Shea Properties and CenterCal Properties have signed the first eight tenants for The Annex, a 16,000-square-foot public market-style space located within The Collection at RiverPark in Oxnard. The new tenants include the first brick-and-mortar location of Scratch, Ragamuffin Coffee Roasters, Cherry Hills Market, Sueño Jewelry Studio, Love Pho Café, Wok to Walk, Bottle & Pint and After Ice Cream. Construction of the center is slated to begin this month with the first tenants scheduled to open in spring 2017.
RANCHO CUCAMONGA, CALIF. — Inland Empire Health Plan (IEHP) has purchased Empire Lakes Corporate Center, a 241,292-square-foot office building in Rancho Cucamonga, for $44.3 million. The Class A building is located at 9500 Cleveland Ave. IEHP also owns the neighboring property, a 400,000-square-foot building at 10801 Sixth St. The new building will allow the nonprofit public health organization to expand. Southern California Edison and State Farm Insurance also occupy the space. Andrew Peake and Tom Pierik of Lee & Associates represented the seller, Utah State Retirement Fund, in this transaction.
LOS ANGELES — Gramercy Property Trust has purchased a 208,167-square-foot industrial project in the Los Angeles submarket of Santa Fe Springs for $27 million. The facility is located at 13132 Lakeland Road, 10947 Painter and 11010 Shoemaker Ave. It is fully leased to Votaw Precision Technologies. Jeff Chiate, Jeffrey Cole, Ed Hernandez and Mike Adey of Cushman & Wakefield’s National Industrial Advisory Group represented the seller, Double Run LP, in this transaction.
PLEASANTON, CALIF. — An unnamed buyer has acquired Diablo Technology Center, a 191,009-square-foot office and R&D property in the Silicon Valley submarket of Pleasanton, for an undisclosed sum. The Class A facility is situated within the Hacienda Business Park. The three-building center is occupied by tenants like PulteGroup, Sunbelt Controls and CooperVision. NGKF Capital Markets’ Steve Golubchik, Mike Zylstra, Grant Lammersen, Forrest Gherlone, and Tim Walling executed the transaction.
HESPERIA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the off-market sale of a multi-tenant retail located at 13325 Main St. in Hesperia. SHA Enterprises Inc. acquired the property from Pacific Development Group for $8.5 million. A new Walmart Supercenter shadow-anchors the 13,940-square-foot property. Pieology Pizzeria, The Habit Burger Grill, Firehouse Subs, Yogurtland, Great Clips, Nutrishop and Metro PCS occupy the property, which was built in 2015. Eric Wohl of Hanley Investment represented the seller, while Patrick Kent, also of Hanley, represented the buyer in the deal.
COSTA MESA, CALIF. — Cole Haan, an American lifestyle brand and retailer, has opened its newest flagship store at South Coast Plaza in Costa Mesa. South Coast Plaza marks the first West Coast location to open with the company’s new store design concept. Cole Haan LLC, with its global headquarters in Greenland, N.H., and creative center in New York City, is a lifestyle accessories brand and retailer of premium men’s, women’s and children’s footwear, handbags, leather accessories, outerwear and eyewear.
HAWTHORNE, CALIF. — Carter Validus Mission Critical REIT II Inc. (CVMC REIT II) has acquired the 288,000-square-foot AT&T Hawthorne Data Center in the Los Angeles suburb of Hawthorne for $79.5 million. CVMC REIT II, a non-traded REIT headquartered in Tampa, Fla., will assume the existing net lease with AT&T Corp. as part of the transaction. The previous owner was Israel-based Red Sea Group. The one-story, powered shell data center is located on a 15.9-acre site and includes an on-site substation delivering a 12,470-volt, 22.5 MVA (mega-volt amp) commercial power service feed. An eight-foot iron fence surrounds the site, with guarded gates on the east and west ends of the property. Security features include 24-hour on-site security staff, closed-circuit monitors, secure keycard access, biometrics scanner and alarmed doors. AT&T Corp., a wholly owned subsidiary of AT&T Inc., is a provider of IP-based services to multinational companies and serves more than 3.5 million business customers. “The acquisition of the AT&T Hawthorne Data Center represents an opportunity to invest in a mission-critical property with a strong brand affiliation,” says Michael Seton, president of CVMC REIT II. “We strive to be a true capital partner for our tenants and are excited to expand our already …
MISSION VIEJO, CALIF. — C.W. Driver has completed work on the 81,980-square-foot Sciences Building at Saddleback College in Mission Viejo. The $55 million project is part of a large-scale renovation of the college’s academic and research facilities, aimed at boosting the institution’s environmental sustainability and overall learning experience. The three-story building contains approximately 2,600 square feet of classroom space; 44,400 square feet divided between 26 modern laboratories for academic programs in astronomy, biology, chemistry, geology, marine science, physics and related disciplines; and 1,800 square feet of office space. In addition to the extensive lab space, the building also features a 500-square-foot observatory with 22 student-accessible telescopes.
DALY CITY, CALIF. — Faris Lee Investments has arranged the $7.8 million sale of a freestanding, 14,500-square-foot retail property occupied by CVS/pharmacy in Daly City, roughly nine miles outside San Francisco. Rick Chichester, Donald MacLellan and Thomas Chichester of Faris Lee represented the seller, 550 Larkin Street LLC, and the buyer, Barchester Corp., in the 1031 exchange transaction. CVS/pharmacy has 23 years remaining on its lease.