SAN DIEGO — Voit Real Estate Services has arranged the sale of an investment property located at 2576 Clairemont Drive in San Diego. Bella Lago LLC acquired the 25,461-square-foot property from Sunshine Finance Corp. for $6 million. A 7-Eleven and Washman USA currently occupy the asset. Kipp Gstettenbauer and Ryan King of Voit Real Estate Services represented the buyer in the transaction.
LAKE FOREST, CALIF. — Camisasca Living Trust has purchased an 18,156-square-foot industrial building in Lake Forest for $3.7 million. The building is located at 20341 Hermana Circle. The trust plans to use the facility to manufacture and distribute car accessories. NGKF’s David L. Kluver represented the seller, Amkly Enterprises LLC, in this transaction.
LAKE FOREST, CALIF. — Newmark Grubb Knight Frank has brokered the sale of two-tenant, triple-net leased retail property located at 29100 Portola Parkway in Lake Forest. Amkly Enterprises purchased the asset from Salok CA LLC for $2.9 million. Built in 2002, the Clineva Urgent Care and Patchs Coffee fully occupy the property. David Kluver of NGKF represented the buyer in the transaction.
HOQUIAM, Wash. — Blueprint Healthcare Real Estate Advisors has arranged the $2.6 million sale of Karr House, a 40-unit assisted living in Hoquiam, along the coast of Washington State approximately 110 miles southwest of Seattle. A national owner/operator looking to divest non-core assets sold the property to a regional operator. The names of the parties were disclosed. The purchase price equates to approximately $65,000 per unit. Blueprint’s Ben Firestone, Jacob Gehl and Trent Gherardini were the lead advisors on this transaction.
ALHAMBRA, CALIF. — Shea Properties has signed two new restaurants to Alhambra Place in Alhambra. Slated to open in late summer, the two restaurants will be located on the corner of Main and Garfield. Big Catch Seafood House specializes in Cajun-style cooking, and Tokyo Table is a contemporary Japenese restaurant. Sprouts Farmers Market anchors the 140,000-square-foot Alhambra Place.
LAS VEGAS — A joint venture between CityCenter Holdings LLC, Invesco Real Estate (NYSE: IVZ) and Simon Property Group (NYSE: SPG) has agreed to acquire The Shops at Crystals in Las Vegas from an undisclosed seller for approximately $1.1 billion. CityCenter Holdings LLC is itself a joint venture between MGM Resorts International (NYSE: MGM) and Infinity World Development Corp. The Shop at Crystals is located at the entryway of City Center in the heart of the Las Vegas Strip. City Center is a mixed-use development that includes ARIA Resort & Casino, a 4,004-room casino resort; Mandarin Oriental Las Vegas, a 392-room boutique hotel with 225 luxury condominium residences; Crystals, a retail and entertainment district consisting of approximately 355,000 square feet of leasable retail space; Vdara Hotel and Spa, a 1,495-room luxury hotel-condominium; and the Veer Towers, which contain 669 luxury condominium residences. The transaction to acquire the 324,000-square-foot shopping center is expected to close in the second quarter of this year. “This transaction demonstrates the strength in Las Vegas as a premier destination for visitors around the world,” says Jim Murren, chairman and CEO of MGM Resorts International. “We believe that Invesco Real Estate and Simon Property Group are the …
COLORADO SPRINGS, COLO. — Ziegler, a specialty investment bank, has arranged $44.2 million in fixed-rate bonds for Sunny Vista Living Center, a skilled nursing and independent living community in Colorado Springs. Sunny Vista features 110 skilled nursing beds and 50 one-bedroom independent living apartments using Section 8 subsidies through the U.S. Department of Housing and Urban Development (HUD). The bonds will fund the addition of 38 assisted living units and 28 memory care units on a 4.8-acre site. The expansion will comprise 55,500 square feet. In conjunction with the financing, Sunny Vista merged with The Villa at Sunny Vista. The two communities were separate entities previously, but were affiliated and shared a CEO. The two facilities will now be a single, consolidated campus. The financing is composed of $42.3 million of tax-exempt bonds and $1.9 million of taxable bonds.
TACOMA, WASH. — Vestar has acquired James Center, a 140,240-square-foot shopping center located in Tacoma, for $31.4 million. The center is located at 6901 S. 19th St. directly across from Tacoma Community College. Tenants at James Center include Fred Meyer, Rite Aid, Starbucks Coffee, Subway, Verizon, Menchie’s, U.S. Bank, IHOP, FedEx, Kinko’s and Ivar’s. Over the past 12 months, Vestar has acquired five retail centers valued at $670 million throughout the Western U.S.
SAN YSIDRO, CALIF. — HFF has secured a $22.75 million refinancing for The Plaza at the Border, a 98,120-square-foot retail center located along the U.S./Mexico border in San Ysidro. Aldon Cole and Tim Wright of HFF worked on behalf of the borrower, The Shamrock Group LLC, to place the three-year, floating-rate loan with NorthStar Real Estate Income II Inc. Tenants at the center include T.J. Maxx, Ross Dress for Less, Vitamin Shoppe, Fashion Q, Rue 21 and Ulta Beauty.
ROSEVILLE, CALIF. — Tri Counties Bank has acquired a 40,000-square-foot office building in Roseville for $7.9 million. The building is located at 3700 Douglas Blvd. within the Slate Creek Corporate Center. It will serve as Tri Counties’ new regional headquarters. Robb Osborne, Cole Sweatt and Brandon Sessions of TRI Commercial/CORFAC International represented the buyer. The seller was Ellis Partners LLC.
