California

SAN DIEGO – Via Frontera Business Park, an 80,882-square-foot industrial/R&D property in San Diego, has sold to Seven C’s Group LLC, for $10.5 million. The two-building property is located at 10965-10993 Via Frontera Drive. It was built in 1982. The buildings are 41 percent occupied. The buyer plans to occupy a portion of the space. Notable employers in the area include Microsoft, General Atomics, BAE Systems, Sony and HP. The seller, GCCFC 2007-GG9 Diamond Office LP, was represented by Mark McEwen, Ted Cuthbert and Matt Zimsky of Colliers International.

LOS ANGELES — Gelson’s Markets has leased 248,304 square feet of space at Freeway Springs Logistics Center in the Los Angeles submarket of Santa Fe Springs. The space will serve as the market’s warehouse and distribution center. Freeway Springs is located at 13833 Freeway Drive. Gelson’s will also occupy 30,000 square feet of office space at the facility. The lease is valued at more than $20 million. The Encino, Calif.-based market will assume more than half of the center’s 463,060 square feet. Gelson’s was represented by Stephen Calhoun, Craig Stevens and Tyler Stevens of Colliers. The landlord, Freeway Springs LLC, a division of Golden Springs Development Co., was represented by Calhoun, along with Clyde Stauff and Christopher Sheehan.

BREA, CALIF. – Intercontinental Real Estate has acquired the 101,420-square-foot corporate headquarters of PennySaver USA Publishing in Brea for an undisclosed sum. The space is located at 2830 Orbiter Street. The facility is adjacent to Imperial Highway, less than 30 miles from Downtown Los Angeles. It contains 52,069 square feet of office space throughout two floors, as well as 49,351 square feet of industrial manufacturing, assembly and distribution space. The facility houses the operations for the weekly PennySaver pamphlet, web-based advertising systems and salesforce. The seller, a joint venture between Cohen Asset Management and American National Insurance Company, was represented by HFF’s Anthony Brent and Ryan Martin.

CHINO, CALIF. – An 86,204-square-foot industrial building in Chino has sold to Emare for $9.7 million. The building is located at 4850 Eucalyptus Ave. Emare is a local company that distributes cell phone cases and accessories. It was represented by Stephen Shatafian of Lee & Associates. The unnamed seller was represented by Henry Hong of the same firm.