SANTA MARIA, CALIF. – The 128-unit Carmen Apartments in Santa Maria has sold to an unnamed buyer for $15.6 million. The community is located at 201 Carmen Lane. It was built in 1976. Santa Maria is about 30 miles south of San Luis Obispo and about 70 miles north of Santa Barbara. The buyer was represented by Jeff Louks and Matt Ziegler of Marcus & Millichap’s Encino office. Ziegler also represented the unnamed seller.
SAN DIEGO – Poway Valley Center, a 25,754-square-foot retail shopping center in the San Diego submarket of Poway, has sold to Capstone Advisors for $6.2 million. The center is located at the corner of Poway and Community roads. Capstone plans to make capital improvements to the storefronts, landscaping and parking lot, among other things. John Jennings and Rob Ippolito of Cushman and Wakefield represented both Capstone and the unnamed seller in this transaction.
LOS ANGELES – Business management and accounting firm Wasserman Grossman & Sloan LLP has renewed at One Westwood in the Los Angeles submarket of Westwood. The building is located at 10990 Wilshire Blvd. The firm initially subleased the building’s entire eighth floor in 2010. Its new five-year lease will take Wasserman through 2020. The lease is valued at $2.8 million. The firm was represented by Mitchell Stokes of Madison Partners. The landlord, Douglas Emmett, was represented in-house by Rob Zaas.
EL SEGUNDO, CALIF. – Cherryman Industries has leased 17,223 square feet at Campus 2100 in El Segundo. The three-building campus is the former home of Rhythm & Hues Studios. The furniture manufacturing company signed a 10-year lease at the property. It will serve as the firm’s corporate headquarters. Cherryman was represented by Wes Honeycutt and Matt Moore of Newmark Grubb Knight Frank. Tom Sheets and Chris Sinfield of Cushman & Wakefield represented the landlords, Rockwood Capital, LLC (Rockwood) and Marshall Property & Development, in this transaction.
VISALIA, CALIF. – Stihl Inc. has acquired a 139,655-square-foot industrial building in Visalia for nearly $6 million. The building is located at 9810 Ferguson Ave. It was built in 2008. Stihl, a chainsaw manufacturing company, will occupy 67 percent of the building. It will share the space with Sorma USA LLC, a produce packaging company that occupies 45,967 square feet. Stihl was represented by Craig “Cap” Caprioffi of Fortune Associates. Westcore Properties was represented by Doug Burr of Burr Commercial.
SAN DIEGO – The 16-unit Helix Manor Townhomes in the San Diego submarket of La Mesa has sold to Munther and Jawan Jarjes Gorial for $2.8 million. The community is located at 4261 Lowell Street. The buyers were represented by Peter Scepanovic and Corey McHenry of Colliers International’s Multifamily Advisory Group. The seller, Victor M. Garcia, was represented by Lucila Garcia of Re/Max United.
EL SEGUNDO, CALIF. – Wpromote has leased 34,492 square feet at Campus 2100 in El Segundo. The three-building campus is the former home of Rhythm & Hues Studios. The online advertising firm signed a 7.5-year lease at the property. It is relocating its headquarters from another nearby office building where it occupied 21,335 square feet. Wpromote was represented by JLL’s Steve Solomon and Eric Adams. Tom Sheets and Chris Sinfield of Cushman & Wakefield represented the landlords, Rockwood Capital, LLC (Rockwood) and Marshall Property & Development, in this transaction.
SUN VALLEY, CALIF. – A 168,000-square-foot manufacturing building in the Los Angeles submarket of Sun Valley has sold to Prologis for an undisclosed sum. The building is located at 9545 San Fernando Road and 9500 El Dorado Ave. It is fully leased to Sugar Foods Corporation. The multi-national food manufacturer has occupied the building for the past 30 years. The property is less than a mile from the 5 and 118 freeway interchange, and less than six miles from Burbank International Airport. CBRE’s Darla Longo, Barbara Emmons, Rebecca Perlmutter Finkel, Greg Geraci and David Harding represented both the buyer and private seller in this transaction.
LOS ANGELES – O’Neill Logistics has leased Hathaway Industrial Park, a 288,000-square-foot industrial facility in Los Angeles. The five-year lease is valued at $6.7 million. The space is located at 11811-11831 E. Florence Ave. in the Santa Fe Springs submarket. It was built in 1984. O’Neill Logistics is a third-party logistics company specializing in apparel and consumer goods products. O’Neill was represented by Dillon Dummit and Wayne Lamb of Cresa Orange County. The landlord, Westcore Properties, was represented by Luke McDaniel, Cameron Driscoll and Zac Sakowski of Jones Lang LaSalle.
SAN JOSE, CALIF. – Cambrian Park Plaza, a 170,000-square-foot shopping center in San Jose, has sold to Weingarten Realty Investors for an undisclosed sum. The property is located at 14900 Camden Ave. Notable tenants include Dollar Tree and BevMo! The center serves San Jose, Los Gatos, Campbell and Saratoga.
