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.
OGDEN, UTAH — ReaderLink has leased a 500,000-square-foot, built-to-suit distribution space in Business Depot Ogden. The new facility will be located at 1019 W. 400 N. in Ogden. The space will be completed at the end of the second quarter in 2017. JLL’s Andy Wheeler and Wick Udy represented the hardcover, trade and paperback books distributor.
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.
LAS VEGAS — TriStar Capital and RFR Holding have sold Miracle Mile Shops, a 501,522-square-foot retail mall located at the Planet Hollywood Resort & Casino in Las Vegas. An affiliate of Institutional Mall Investors LLC, a venture co-owned by Miller Capital Advisory Inc. and CalPERS, acquired the asset for an undisclosed amount. Axis Theatre — home to residency performers Britney Spears and Jennifer Lopez — anchors the center, which is also home to more than a mile of 200 shops, 13 restaurants and three additional live entertainment theaters. The mall also features direct access to Planet Hollywood’s 100,000-square-foot casino. HFF advised the sellers in the transaction.
LAKE OSWEGO, ORE. — Security Properties and Pacific Life Insurance Co. have purchased the 347-unit One Jefferson Parkway apartment community in Lake Oswego for $78 million. The property was built in two phases in 1987 and 1990. One Jefferson was 96 percent occupied at the time of sale. Jon Hallgrimson, Eli Hanacek and Josh McDonald of the CBRE Capital Markets Pacific Northwest Institutional Properties team represented both the buyer and the seller, Jackson Square Properties, in this transaction. Nick Santangelo of CBRE’s Debt & Structured Finance organized financing for the acquisition.
BOTHELL, WASH. — Griffis Residential has purchased the 524-unit Bridges at Northcreek Apartments for an undisclosed sum. The community is located at 20225 Bothell Everett Highway in Bothell, about 23 miles north of Downtown Seattle. The property has been renamed Griffis North Creek Bothell. It was built in 1999. Notable employers in the area include Microsoft, Boeing, Lockheed Martin, Panasonic, Phillips Medical and Seattle Genetics.
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.