California

Gerald J. Sullivan & Associates Renews Lease at Pacific Financial Center in Los Angeles

by Nellie Day April 23, 2015

LOS ANGELES – Gerald J. Sullivan & Associates has renewed its lease for 28,668 square feet of office space at Pacific Financial Center in Downtown Los Angeles. The Class A office tower is located at 800 W. Sixth Street. It is fully occupied. The insurance brokerage firm has resided within the Pacific Financial Center since 1987. It occupies the top two floors of the property. The firm was represented by Jonathan Larsen of Avison Young. The landlord, Pacific Financial Equities, was represented by John Anthony of Charles Dunn Company.

April 23, 2015

California Industrial Western

San Diego Industrial Building Sells for $2.1M

by Nellie Day April 23, 2015

SAN DIEGO – An 18,314-square-foot industrial building in the San Diego submarket of San Marcos has sold to Utah Prime Properties for $2.1 million. The building is located at 1585 Creek Street. The tenant, ESN Restoration, has four years remaining on its lease. Utah Prime was represented by Rusty Williams, Chris Roth and Kyle Carruthers of Lee & Associates – North San Diego County. The seller, Edward Allen Properties, was represented by Kidder Matthews.

April 23, 2015

California Retail Western

Dublin Place Shopping Center in NorCal Sells for $51.1M

by Nellie Day April 22, 2015

DUBLIN, CALIF. — American Realty Advisors has acquired Dublin Place Shopping Center, a 283,506-square-foot retail center in Northern California, for $51.1 million. The center is located at 6920-7202 Amador Plaza Road; 7590 Amador Valley Blvd.; and 7505-7533 Dublin Blvd. in Dublin, just east of the San Francisco Bay. The property is 97 percent occupied. It is anchored by Target, Hobby Lobby, Burlington Coat Factory and Toys R Us. American plans to upgrade the shop buildings in an effort to bring existing below-market-rate rents up to current market rates. The firm may also eventually add more commercial and residential space to the center. Both American and the seller, PFRS Dublin Corporation, represented themselves in this acquisition.

April 22, 2015

California Office Retail

U.S. Government Renews Office Space in Brentwood

by Nellie Day April 21, 2015

LOS ANGELES – The Government of the United States (GSA) has renewed its lease for 21,961 square feet of office space in the Los Angeles submarket of Brentwood. The GSA leases the entire fourth floor of a Class A building at 12121 Wilshire Blvd. The space is situated on the northwest corner of Wilshire Boulevard and Bundy Drive. The GSA has occupied the building for 10 years. It has now signed on for an additional 10 years. The landlord, Douglas Emmett, was represented by Mitchell Stokes and Bob Safai of Madison Partners.

April 21, 2015

California Retail Western

VeganBurg to Open First U.S. Restaurant in San Francisco

by Nellie Day April 21, 2015

SAN FRANCISCO – Singapore-based specialty restaurant VeganBurg has announced plans to open its first U.S. restaurant in San Francisco. The plant-based burger restaurant will open at 1466 Haight Street this summer. The space was previously vacated by All You Knead. The company is evaluating plans for future sites across the country. VeganBurg was represented by John Polyzoides and Andrew Lindsey of SRS Real Estate Partners.

April 21, 2015

California Industrial Western

Wohl Buys Airport Wineville Business Park in Ontario

by Nellie Day April 21, 2015

ONTARIO, CALIF. – Wohl Investment Company has acquired Airport Wineville Business Park, a 53,937-square-foot, mixed use industrial center in Ontario, for $4.5 million. The four-building park is located at 5140 E. Airport Drive and 151,181 and 201 S. Wineville Ave. Wohl was represented by Patrick Barnes of Colliers International. The seller was McLellan Estate Co.

April 21, 2015

California Industrial Western

Sator Sports Expands Industrial Footprint in Gardena

by Nellie Day April 21, 2015

GARDENA, CALIF. – Sator Sports has acquired a 19,650-square-foot industrial building in Gardena for $2.4 million. The building is located at 1455 W. 139th Street. The soccer equipment company will be relocating its headquarters from nearby 1536 228th Street. It should occupy its new space by mid-April. The new building will allow the company to expand. Sator Sports was represented by Matt Stringfellow and Courtney Bell of the Klabin Company/CORFAC International. The seller Major Fulfillment Inc., was represented by David Denitz of Gateway Business Properties.

April 21, 2015

California Office Western

Lincoln Owner LLC Buys Silicon Beach Office Building

by Nellie Day April 20, 2015

SANTA MONICA, CALIF. – Lincoln Owner LLC has acquired a 23,557-square-foot office building in the Silicon Beach region of Santa Monica for $23.6 million. The building is located at 1315 Lincoln Blvd., just blocks from the Third Street Promenade and Santa Monica Place. The property was built in 2005. It was fully occupied at the time of sale. The seller, a partnership between Lincoln Property Company, Linwood Ventures and ASB Real Estate Investments, was represented by Bob Safai, Matt Case and Brad Schlaak of Madison Partners.

April 20, 2015

California Retail Western

Village Center in Torrance Sells for $11M

by Nellie Day April 20, 2015

TORRANCE, CALIF. – Village Center, a 31,153-square-foot retail center in Torrance, has sold to a local private investor for $11 million. The center is located at 4170 Pacific Coast Highway. It is adjacent to a Walgreens-anchored shopping center. The unnamed seller was represented by Simon Mattox of Marcus & Millichap’s National Retail Group.

April 20, 2015

California Mixed-Use Western

Mixed-Use Building in Berkeley Changes Hands

by Nellie Day April 20, 2015

BERKELEY, CALIF. – A 47,281-square-foot, mixed-use building in Berkeley has sold to an unnamed buyer for an undisclosed sum. The building is located at 2190 Shattuck Ave. It is anchored by a ground-floor Walgreens with creative offices on the second story that are occupied by technology-oriented tenants. The property is situated directly atop the Downtown Berkeley BART station. It is within one block of the University of California at Berkeley. The space was built in 1956 through 1957. It was renovated in 2012. The seller, a partnership between Sansome Pacific Properties and Somera Capital Management, was represented by HFF’s Nicholas Bicardo, Danny Reddin, Steve Golubchik and Brandon Rogoff.

April 20, 2015

Newer Posts

Older Posts