REDLANDS, CALIF. — Majestic Realty Co. has broken ground on Mountain Grove at Citrus Plaza, a 670,000-square-foot retail, dining and entertainment district in Redlands. The project will be located at the intersection San Bernardino Avenue and Citrus Plaza Drive, just off the 210 Freeway. The first phase will include 468,000 square feet. The completed project will feature tenants like Nordstrom Rack, buybuy Baby, T.J. Maxx/HomeGoods, Hobby Lobby, h.h. gregg, Tilly’s and 24-Hour Fitness. Mountain Grove is the sister project to Citrus Plaza. The two centers will eventually offer a total of 1.2 million square feet of retail, hospitality and entertainment uses. Mountain Grove is scheduled to open next summer.
Western
DENVER – A joint venture between Griffis Residential and PCCP LLC has acquired the 288-unit City Lights apartments in Denver for $40.8 million. The Class A community is located at 325 N. Sable Blvd. in the Aurora submarket, near the Fitzsimons Medical Campus. The apartment complex has been renamed Griffis Fitzsimons South. Griffis will also manage the community. This is the joint venture’s fifth transaction.
LAHAINA, HI — The Outlets of Maui has undergone a $28-million redevelopment. The 10-building, 147,000-square-foot center received new storefronts, expanded walkway overhangs, outdoor seating areas, and significant improvements to common areas and site signage. It is located on 12 acres at 900 Front Street. The outlet center is currently 91 percent leased to tenants like Michael Kors, Guess, Tommy Hilfiger, Calvin Klein, Coach, Izod, Lucky Brand, Brooks Brothers, Carter’s, Banana Republic, Gap, Adidas and Sketchers. It also includes restaurants like Hard Rock Café and Ruth’s Chris Steak House. Notable Hawaiian retailers, including Hilo Hattie, ABC Stores and Warren & Annabelle’s, also reside at the center. Watt Advisors, the commercial investment arm of Watt Companies, joined with local development partners in April 2013 to convert the aging, traditional shopping center into Maui’s first outlet center. The Outlets of Maui is one of only two outlet centers in Hawaii. Watt and its partners plan to add 50,000 square feet to the center by the end of next year.
SAN DIEGO — Drawbridge Acquisitions LLC has acquired Via del Campo Court, a 188,072-square-foot corporate office campus in the San Diego submarket of Rancho Bernardo for $26 million. The two-building campus is located at 16710 and 16750 Via del Campo Court, just north of the I-15 and SR-56 intersection. Via del Campo is fully leased to Northrop Grumman through 2016. Drawbridge represented itself in this transaction, while the seller, WAM Via del Campo LP, c/o WAM Development Group, was represented by Rick Reeder and Brian Driscoll of Cassidy Turley’s San Diego office.
VANCOUVER, WASH. — Columbia Shores Office Building, a 41,592-square-foot property in Vancouver, has sold to Columbia Shores SPE LLC for $6.7 million. The Class B building is located on SE Columbia Shores Boulevard. It is fully leased to six tenants, including SmartRG, Schlage Lock and Columbia Resources. The LLC was represented by Todd VanDomelen and Charles Conrow of Norris & Stevens, Inc. – TCN Worldwide. The seller, 501 SE Columbia Shores SPE LLC, was represented by Eric Fuller of Eric Fuller & Associates.
HAYWARD, CALIF. — Corsair Components has leased 63,512 square feet of space at Winton Industrial Center in Hayward. The center is located at 2660 West Winton Ave. The high-performance PC gaming company will expand its operations from its Fremont headquarters and Hayward satellite facility. Corsair Components is doing business as Corsair Memory. The landlord, Winton Industrial Center LLC, was represented by Greig Lagomarsino, Rick Keely and Nick Ousman of Colliers International’s Oakland office.
SAN DIEGO — Western States has acquired a 36,936-square-foot office building in the San Diego submarket of Sorrento Mesa for $6.3 million. The corporate headquarters building is located at 10540 Heater Court. It is fully leased to Cobham Defence Electronics. Bryce Aberg, Brant Aberg and Brian Driscoll of Cassidy Turley Commercial Real Estate Services in San Diego represented both Western States and the unnamed seller in this transaction.
TUCSON, ARIZ. – A 15,000-square-foot office building in Tucson has sold to Redyns Development for $4.2 million. The building is located at 2070 W. Rudasill. Redyns was represented by Russell W. Hall and Stephen D. Cohen of Cushman & Wakefield | PICOR. The seller, Fountains Medical Plaza Investors, was represented by CBRE’s David Montijo and Mike Sandahl.
LOS ANGELES — In-N-Out Burger and Tilly’s have joined the tenant roster at the newly constructed Shoppes at Westlake Village. The 240,000-square-foot, open-air retail center is located on Russell Ranch Road in the Los Angeles submarket of Westlake Village. Other notable tenants that have recently signed onto the center include Target, Total Woman Gym + Spa, Hook Burger, Gallery Seafood and Chop House, Bowl of Heaven, All Tressed Up, Carriere, Kirk Jewelers, Olio e Limone and Jeannine’s. The center is now 80 percent leased. The landlord, Selleck Development, was represented by Stephanie Skrbin and Mike Tingus of Lee & Associates-LA North/Ventura.
PHOENIX – The Arizona Super Bowl Host Committee has leased 7,535 square feet at Renaissance Square in Downtown Phoenix. The 965,000-square-foot, Class A office complex is located along North Central Avenue. The committee was represented by CBRE’s Brad Anderson. The landlord, Hines, was represented by Jerry Noble of Cushman & Wakefield.