Western

Verrado Main Street Near Phoenix Sells for $13M

by Nellie Day April 21, 2015

PHOENIX – Verrado Main Street, a 66,085-square-foot, mixed-use property in the Phoenix submarket of Buckeye, has sold to HCCJ Family GP LLC for $13 million. The retail and office property contains two Class A office buildings, in addition to a retail component that features Bashas’ Grocery, CVS Pharmacy and a mix of smaller tenants. The sale also included two parcels of 6.8 acres that are zoned for future commercial and mixed-use development. The office space is fully leased. The retail space was more than 94 percent leased at the time of sale. The seller, DMB, was represented by CBRE’s Barry Gabel and Chris Marchildon.

April 21, 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

Industrial Nevada Western

Advanced Supply Chain Logistics Leases Space in Sparks

by Nellie Day April 20, 2015

SPARKS, NEV. – Advanced Supply Chain Logistics has leased 55,515 square feet of distribution space in Sparks. The industrial building is located at 1285B Southern Way. The tenant is a transportation services and supply chain logistics solutions provider. The landlord was represented by J. Michael Hoeck, Dave Simonsen, Michael Nevis and Steve Kucera of The NAI Alliance Industrial Properties Group.

April 20, 2015

California Retail Western

Former Office Depot Building in Garden Grove Sells for $4.6M

by Nellie Day April 20, 2015

GARDEN GROVE, CALIF. – A 30,000-square-foot retail building in Garden Grove that was formerly occupied by Office Depot has sold to Red Mountain Retail Group for $4.6 million. The building is located at 11100 Garden Grove Blvd. It was built in 1996. The building sits adjacent to Costco, across from Home Depot. Two new tenants have leased the space. Office Depot, meanwhile, downsized to a 15,800-square-foot space. Keith Kropfl and Michael Ganz of Avison Young represented both the buyer and seller, Gallinas Properties, in this transaction.

April 20, 2015

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