MESA, ARIZ. — Superstition Springs Business Park, a 101,411-square-foot flex industrial park in Mesa, has sold to Allred Hampton DE for $13.9 million. The park is located at 7307 and 7427 E. Hampton Ave. It was 91.5 percent leased at the time of sale. Allred Hampton was represented by Stein Koss and Tom Louer of Lee & Associates Arizona. The seller, Hampton/Mesa, was represented by Pat Dempsey, Jan Fincham, Chris McClurg and Matt Fredrick of the same firm.
Western
PEORIA, ARIZ. — Barstow Shopping Centers has acquired Peoria Marketplace, a 25,481-square-foot shopping center in Peoria, for $5.1 million. The center is located at 7521, 7549 and 7611 West Cactus Road. The property was built in two phases in 2001 and 2002. It was 91 percent occupied at the time of sale. Notable tenants include Farmers Insurance, H&R Block, Panda Express, Little Caesar’s Pizza and Subway. CBRE’s Steve Julius and Jesse Goldsmith represented both the buyer and seller, G and T Retail Properties, in this transaction.
HAYWARD, CALIF. — General Forklift & Equipment has leased 40,000 square feet of space at the Clawiter business complex in Hayward. The center is located at 25864 Clawiter Road. Other notable tenants at the center include Berkeley Farms and Gillig Corporation. General Forklift was represented by Richard Sutherland of Sutherland Company. The landlord, Clawiter Associates, was represented by Dan Bergen of Colliers International.
SAN DIEGO — Four C Square, a 64,500-square-foot, mixed-use property in San Diego, has received $5 million in refinancing. The property is located at 428 C Street. It features 28 live-work lofts over ground-floor retail, with Ross Dress for Less as the main tenant. The loan features a 10-year term with five years interest-only and a 30-year amortization schedule. It was arranged by Gardiner Champlin and Marty Meagher of NorthMarq Capital’s San Diego office through the firm’s correspondent relationship with Nationwide Life Insurance Company.
TUCSON, ARIZ. — Retail Service Systems has leased 18,424 square feet in Tucson. The space is located at 1150 S. Plumer Ave. The landlord, Antonio Gonzalez, was represented by Paul Hooker and Ron Zimmerman of Cushman & Wakefield | PICOR.
BAKERSFIELD, CALIF. – The 160-unit Auburn Heights Apartments in Bakersfield has received a $10.6-million loan. The affordable housing community is located at 7000 Auburn Street. The loan will finance the property’s renovation. It was funded through HUD’s Section 223(f) Low Income Housing Tax Credit (LIHTC) Pilot Program. The non-recourse loan features a 35-year term, fixed-rate and full amortization. It was provided by CBRE Group through its FHA lending platform.
SAN DIEGO — Sharp Memorial Hospital Rehabilitation Center, a 14,172-square-foot rehab facility in the San Diego submarket of Kearny Mesa, has completed a $6.4-million renovation. The facility is located at 2999 Health Center Drive. The renovation transformed the inpatient wing into a modern healing environment, with more private rooms that contain in-suite bathrooms and showers, updated administrative areas and hallways and an expanded outdoor therapy gardens. The center provides rehabilitation services for patients who have suffered catastrophic strokes, brain and spinal cord injuries, neurological issues, sprains, strains and other injuries, and problems related to balance, speech, lymph edema and chronic pain. The design-build renovation was carried out by McCarthy Building Companies and designed by Cuningham Group Architecture. The companies worked in collaboration with Sharp Healthcare.
LOS ANGELES – A 9,252-square-foot office building in the Los Angeles submarket of Sherman Oaks has sold to a local private investor for $3.2 million. The building is located at 14101 Valleyheart Drive. The buyer will occupy about half the property for its home nursing provider business. The property was originally built in 1985. Bogun Realty represented the investor. The seller, CG Investments, was represented by Roger L. Beck and Gelena Skya-Wasserman of Charles Dunn Company.
PERRIS, CALIF. — Indian Hills Plaza, a 10,142-square-foot retail strip center in the High Desert community of Perris, has sold to Nemax Inc. for $2.2 million. The plaza is located at 540 West 4th Street. It was 82 percent leased at the time of sale. Mike Qutami of Country Estate Realty represented the seller, Hakam K. Othman and Talat Award Dib, in this transaction.
CUPERTINO, CALIF. — Sprouts Farmers Market has opened a 20,901-square-foot store in the Cupertino Crossroads shopping center. The store is located at 20558 Stevens Creek Blvd., inside the former PetSmart space. Sprouts joins Pier 1 Imports and TJ Maxx, among other tenants, at the neighborhood shopping center. The health-conscious grocer was represented by Bob Berndt and Sarah Edwards of SRS Real Estate Partners. The landlord, Mardesich Company, was represented by CBRE’s Rick Shaffer.