LYNNWOOD, WASH. — Radia, Inc., PS has leased 23,000 square feet at Redstone Corporate Center I in the Seattle submarket of Lynnwood. The 202,000-square-foot, Class A office building is located at 19020 33rd Ave. W., across from the Alderwood Mall. The lease will commence this October. The radiology provider was represented by Dan Foster and Cameron Gellatly of Flinn Ferguson. The landlord, PCCP LLC and Talon Private Capital, was represented by JLL’s Daniel Seger and Brent Jackson.
Western
PLEASANTON, CALIF. — Swift Realty has acquired California Center, a 1-million-square-foot office campus in Pleasanton. The campus was acquired for a reported $155 million. The six-building property is located at 4400 Rosewood Drive in the Hacienda Business Park. California Center features a state-of-the-art conference center, a 600-seat cafeteria and a fitness center. It also contains an 8.4-acre site that is fully entitled for 305 residential units. The seller was RREEF. The transaction was executed by JLL’s Rob Hielscher, Michel Seifer and Aaron Herter.
FONTANA, CALIF. — D.R. Horton has acquired 622 lots in three separate residential developments throughout the Inland Empire for $62 million. The deal contains a total of 246 finished lots, including 178 lots at Mission Estates in Jurupa Valley and 68 lots at Rosena Ranch in the Lytle Creek area of San Bernardino County. It also includes 376 lots that are fully entitled but undeveloped at Bella Strada in Fontana. The seller was Foremost Communities and its related entities. Starwood Capital Group Global acted as Foremost’s financial partner on two of the properties. Foremost has nearly 7,800 lots across Southern California under ownership or management. Foremost was represented by Province West and Land Advisors. Tom Dallape and Norm Scheel of The Hoffman Company also assisted on this transaction.
SAN FRANCISCO — Merchants Exchange Building, a 241,961-square-foot office building in San Francisco, has received $61 million in financing. The building is located at 465 California Street. Merchants Exchange Building was built in 1903. It is one of the only trophy buildings to survive the 1906 earthquake in San Francisco. Financing was arranged by Jeffrey Weidell and Andrew Slaton of NorthMarq Capital's San Francisco regional office. The duo had initially arranged about $47.5 million in financing, before advancing an additional $13.5 million. The advance will mature in 11 years, along with the existing debt.
SAN DIEGO – The 150-unit Vista Lane Apartments in the San Diego submarket of Chula Vista has sold to the Conrad Prebys Trust for $19.4 million. The community is located at 1440 Second Ave. near Broadway, the area’s dominant retail corridor. Christopher J. Zorbas of Marcus & Millichap’s San Diego office represented both the buyer and the seller, the Kreutzkamp Revocable 2000 Trust, in this transaction.
IRVINE, CALIF. – Arbonne has renewed its lease for a 146,482-square-foot building in Irvine that serves as its world headquarters. The building is located at 9400 Jeronimo Ave. It is part of a four-building campus. Arbonne has resided at the building since 2000. The skincare products company also maintains offices in Canada, the United Kingdom and Australia. Its new 60-month lease commences this November. The company was represented by Michael Props, Royce Sharf and Jeff Cannon of Savills Studley’s Orange County office. The landlord, The Irvine Company, was represented in-house.
CARSON, CALIF. – A 50,078-square-foot flex/office property in Carson has sold to a private investor for $7.3 million. The property is located at 16941 Keegan Ave. It was built in 1972 and renovated in 2002, 2009 and 2012. The building is fully leased to Timec Company and guaranteed by the Parent company, Transfield Services. The buyer was represented by Ryan Campbell of NAI Capital’s San Gabriel Valley East office and Tony Naples of Lee & Associates. The unnamed seller was represented by Colliers.
MISSION VIEJO, CALIF. — HighPark Corporate Center, a 37,579-square-foot office building in the Orange County submarket of Mission Viejo, has sold to CK HighPark LLC for $6.6 million. The building is located at 23351-23361 Madero. It is 93 percent leased to four tenants, including Holt Integrated Circuits. CK HighPark was represented by Bratun Real Estate. The seller, Madero LLC & Wyocal LLC, was represented by Dan Vittoneand Alan Pekarcik of Avison Young and Trent Walker of Voit Real Estate Services.
COSTA MESA, CALIF. — Haynes and Boone has leased 22,466 square feet at Plaza Tower in Irvine. The law firm will be located at 600 Anton Blvd., which is adjacent to South Coast Plaza and the Segerstrom Center for the Arts. The firm will occupy the space by September. It is relocating from Irvine Towers. Other tenants at the Class A tower include Dorsey and Whitney, Bingham McCutchen, Baker & Hostetler and Snell & Wilmer. Plaza Tower was represented by Rick Kaplan, Robert Lambert and Matt Moore of Cushman & Wakefield.
GLENDALE, ARIZ. — Talavi Business Park, a 24,180-square-foot office complex in Glendale, has sold to the Heart and Vascular Center of Arizona for $2.3 million. The Class B complex is located at 5810 West Beverly Lane. Ironwood Glendale LLC purchased the property on behalf of the heart and vascular center. The seller, the Coneen Family Trust, was represented by Cassidy Turley’s Eric Wichterman and Mike Coover.