SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draegerof Colliers International.
Western
LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.
SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.
FALLBROOK, CALIF. – The 33-unit Summerwood Apartments in Fallbrook has sold to an individual/personal trust for $2.7 million. The community is located at 365 W. Clemmens Lane. Aaron Bove and Mike Greiner of Marcus & Millichap’s San Diego office represented both the buyer and the seller, a partnership, in this transaction.
SAN FRANCISCO – An 87,000-square-foot, multi-tenant distribution building in South San Francisco has sold to IIT Acquisitions LLC, dba Industrial Income Trust, for an undisclosed sum. This transaction represents the largest industrial sale so far on the peninsula this year. The fully leased property is located at 1200-1220 San Mateo Ave. The seller was Kelly & Tony Investment Company, LLC. Industrial Income was represented by Mike Davis and Michael Draeger of Colliers International.
LOS ANGELES – Splendid and Ella Moss have opened their corporate headquarters at Alameda Square in Downtown Los Angeles. The fashion labels signed a 10-year lease to occupy 82,000 square feet inside Building 1, which recently underwent a major renovation. Alameda Square is owned by EVOQ Properties.
SURPRISE, ARIZ. – A 51,768-square-foot office building in Surprise has sold to RRS & Company for $2.1 million. The Class B building is located at 15331 W. Bell Road. The building was vacant and in shell condition at the time of sale. Eric Wichterman, Mike Coover and Thomas Weinhold of Cassidy Turley Arizona represented both the buyer and the seller, LGE & Axis Development, in this transaction.
FALLBROOK, CALIF. – The 33-unit Summerwood Apartments in Fallbrook has sold to an individual/personal trust for $2.7 million. The community is located at 365 W. Clemmens Lane. Aaron Bove and Mike Greiner of Marcus & Millichap’s San Diego office represented both the buyer and the seller, a partnership, in this transaction.
SAN DIEGO — Four Points Business Park, a 124,712-square-foot business park in San Diego, has sold to Brookwood Financial Partners for an undisclosed sum. The three-building business park is located at the intersection of Ruffin Road and Chesapeake Drive in the submarket of Kearny Mesa. It was 84 percent occupied at the time of sale. Brookwood is planning to make significant renovations to the property. This is the firm’s third San Diego-area acquisition in the past 20 months. Brookwood represented itself in this transaction. The seller was represented by Bob Prendergast and Lynn LaChapelle of Jones Lang LaSalle. CB Richard Ellis will act as the center’s leasing agent.
LITTLETON, COLO. – A 4,820-square-foot retail and industrial building in Littleton has sold to an unnamed buyer for $1.2 million. The three-tenant, triple-net-leased property is located at 231-251 West County Line Road. The building is anchored by an Allstate drive-thru claims center. The seller, Advanced Property Services, was represented by Sam Leger and Tim Finholm of Unique Properties, LLC – TCN Worldwide.