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Preserve-Melrose-San-Diego-CA
AcquisitionsCaliforniaMultifamilyWestern

Mesirow Acquires Preserve at Melrose Multifamily Community in San Diego for $185M

by Amy Works

SAN DIEGO — Chicago-based financial services firm Mesirow has purchased Preserve at Melrose, a 410-unit multifamily property located in the Vista neighborhood of San Diego, for $185 million. Built in 2015, Preserve at Melrose offers one-, two- and three-bedroom floor plans. According to Apartments.com, the garden-style community features amenities such as a business center, clubhouse, lounge, fitness center, pool, playground and courtyard. Hunter Combs of Walker & Dunlop represented the seller, a locally based group, and the buyer in the deal.

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ColoradoDevelopmentMultifamilyOfficeRestaurantRetailWestern

Prism Places, McWhinney to Develop Mixed-Use Commercial Centers in Northern Colorado Master-Planned Communities

by Amy Works

BROOMFIELD AND LOVELAND, COLO. — Prism Places has partnered with McWhinney to develop two separate commercial districts in Northern Colorado’s Broomfield and Loveland. The first project, Center Street, is slated to serve as the business district for Baseline, an 1,100-acre master-planned community in Broomfield. The walkable 312,000-square-foot commercial center will include 80,000 square feet of office space, 116,00 square feet of retail space, 37,000 square feet of grocery space and 78,000 square feet of restaurant space. Additionally, Center Street will offer more than 400 residential units. Michael Hsu Office of Architecture has designed the project, which already has an organic grocer preleased. The second project, Avenue South, will be the business and commercial hub for Centerra, a 3,000-acre master-planned community in Loveland. Totaling 360,000 square feet, Avenue South will include a 128,000-square-foot retail component, a 127,000-square-foot Class A office portion and 1,750 residential units. Architects Orange is designing Avenue South, which has a 37,000-square-foot lease signed with an organic grocer. Center Street is slated to break ground in September 2026, and Avenue South is scheduled to break ground in November 2025.

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2880-Simmons-St-North-Las-Vegas-NV
AcquisitionsIndustrialNevadaWestern

Panattoni Development Completes 182,184 SF Simmons Airpark in North Las Vegas

by Amy Works

NORTH LAS VEGAS, NEV. — Panattoni Development Co. has completed Simmons Airpark at 2880 Simmons St. in North Las Vegas. The 182,184-square-foot industrial building features a clear height of 36 feet, full concrete drive aisles and truck court, rear loading configuration, 1,895 square feet of build-to-suit office areas, 50-foot by 52-foot column spacing and an ESFR sprinkler system. The four-tenant building is located adjacent to North Las Vegas Airport and is three miles to the Cheyenne Interchange. The project is listed with Larkin Industrial Group and is owned by Panattoni Development.

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3200-35th-Ave-NE-Everett-WA
IndustrialLoansWashingtonWestern

Gantry Secures $11.9M in Refinancing for Dogwood Enterprises Industrial Park in Everett, Washington

by Amy Works

EVERETT, WASH. — Gantry has secured $11.9 million in refinancing for Dogwood Enterprises Industrial Park, located at 3200 35th Ave. NE in Everett. Situated on 31.6 acres, the four-building property offers 106,686 square feet and direct access to I-5. The park is leased to a single tenant. Mike Wood, Demetri Koston and Tim Brown of Gantry arranged the 10-year, fixed-rate loan with a 25-year amortization schedule through a credit union for the borrower, a private real estate investor.

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3950-3960-S-Mariposa-St-Englewood-CO
AcquisitionsColoradoIndustrialWestern

Pinnacle Real Estate Arranges Sale of 16,000 SF Industrial Property in Englewood, Colorado

by Amy Works

ENGLEWOOD, COLO. — Pinnacle Real Estate Advisors has brokered the sale of an industrial building located at 3950-3960 S. Mariposa St. in Englewood. The asset traded for $2.2 million. The 16,000-square-foot, small-bay property offers eight 2,000-square-foot units. Peter Sengelmann of Pinnacle Real Estate Advisors represented the undisclosed seller in the deal.

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1551-S-Renaissance-Towne-Dr-Bountiful-UT
AcquisitionsHealthcareUtahWestern

Cypress West, TPG Angelo Gordon Buy 112,192 SF Renaissance Medical Center in Metro Salt Lake City

by Amy Works

BOUNTIFUL, UTAH — Cypress West Partners, in joint venture with TPG Angelo Gordon, has acquired Renaissance Medical Center, a medical outpatient building in Bountiful, about four miles north of Salt Lake City. Terms of the transaction were not released. Mountain West Surgical Center, a multi-specialty ambulatory surgical center owned by HCA Healthcare, anchors the 112,192-square-foot property that is located at 1551 S. Renaissance Towne Drive. Eight other medical specialties and services, including orthopedics, physical therapy, imaging, spine and urology, also occupy the property. Newmark Healthcare Capital Markets advised Cypress West Partners and arranged the credit facility on behalf of the joint venture.

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7980-7990-W-Buckeye-Rd-Tolleson-AZ
AcquisitionsArizonaIndustrialWestern

SENTRE Acquires 322,070 SF Industrial Property in Tolleson, Arizona from Brennan Investment Group

by Amy Works

TOLLESON, ARIZ. — San Diego-based SENTRE has purchased a freestanding industrial asset located at 7980-7990 W. Buckeye Road in Tolleson, approximately 12 miles west of Phoenix. Chicago-based Brennan Investment Group sold the property for $48.8 million. Situated on more than 15 acres, the 322,070-square-foot facility was originally built in 1988 and expanded in 2010. The asset features a clear height of 35 feet, ample loading and heavy power. Phil Haenel, Will Strong, Foster Bundy and Katie Repine of Cushman & Wakefield’s Private Capital Group represented the seller in the transaction.

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Peregrine-Realty-Portfolio-Carlsbad-CA
AcquisitionsCaliforniaIndustrialWestern

Peregrine Realty Partners Sells Two Industrial Parks in Carlsbad, California for $34.2M

by Amy Works

CARLSBAD, CALIF. — West Coast-based Peregrine Realty Partners has completed the disposition of Carlsbad Oaks Commerce Center and El Fuerte Business Park, a pair of multi-tenant industrial business parks in Carlsbad. Irvine, Calif.-based CIP Real Estate acquired the portfolio for $34.2 million. Situated on a combined 9.3 acres, the seven-building, 126,964-square-foot portfolio is currently 98 percent leased to approximately 60 tenants. Built in 1990 at 5931-5933 Sea Lion Place, Carlsbad Commerce Center consists of two buildings totaling 48,638 square feet on 3.7 acres and is currently fully leased to 21 tenants. Built in 1989-1990, El Fuerte Business Park consists of five buildings totaling 78,326 square feet on 5.6 acres. Located at 2788, 2790, 2792, 2794 and 2796 Loker Ave. W, El Fuerte Business Park is fully leased to 39 tenants. Bryce Aberg, Louay Alsadek, Maddie Mawby, Charlie Jacobs and Ryan Demarest of Cushman & Wakefield represented the seller in the transaction. Conor Boyle, Joe Crotty, Tyler Stemley and Brant Aberg of Cushman & Wakefield provided local market advisory.

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AcquisitionsIndustrialNevadaWestern

Avison Young Negotiates $12.5M Sale of Edmond Russell Triangle Industrial Facility in Las Vegas

by Amy Works

LAS VEGAS — Avison Young has arranged the purchase of Edmond Russell Triangle, an industrial property in Las Vegas. A California-based private investor acquired the asset from a local development group for $12.5 million, or $249.50 per square foot, in an off-market transaction. Loomis U.S. fully occupies the 50,100-square-foot building, which is located at 5780 Edmond St. Chris Lexis, James Griffis and Joe Leavitt of Avison Young represented the buyer in the transaction.

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1135-E-Evans-Ave-Denver-CO
AcquisitionsColoradoRetailWestern

Malman Commercial Brokers $1M Sale of Retail Property in Denver

by Amy Works

DENVER — Malman Commercial Real Estate has arranged the sale of 1135 E. Evans Ave. and 2085 S. Downing St. in Denver. Mazon Evans LLC acquired the assets from Downing & Evans LLP for $1 million. The asset offers 6,700 square feet of retail space. Jake Malman of Malman Commercial represented the buyer, while Mark Pyms of Panorama Commercial Brokerage represented the seller in the deal.

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