HAYWARD, CALIF. — FBA Holdings, Inc., a subsidiary of Sears Holdings Corporation, has leased 64,800 square feet inside the Hayward Business Park. The new facility is located at 30803 Santana Street in Hayward. The company will use this new space to relocate its warehouse/distribution facility, which was previously based in Richmond. The company outgrew that 27,000-square-foot warehousing space. FBA was represented by Steve Miller of SiteLink International. The landlord, PS Business Parks, was represented by Greig Lagomarsino, and Rick Keely of Colliers International’s Oakland office.
Western
MONUMENT, COLO. – A 16,399-square-foot shopping center in Monument has sold to a private San Diego group for $3.7 million. The multi-tenant center is located at 556-590 W. Highway 105, just north of Colorado Springs. It is fully occupied by tenants like UPS, Great Clips and Subway. The center is anchored by Safeway, though this space was not included in the sale. Patrick G. Kent of Hanley Investment Group represented both the buyer and the seller, a private Colorado investor, in this transaction.
SANTA MONICA, CALIF. — Science, Inc., has signed a 45-month lease for 16,220 square feet of space in Santa Monica. The 24,578-square-foot building is located at 1447 2nd Street. The building is now fully occupied. The technology incubator and investor is relocating and expanding from its 10,000-square-foot office that’s just steps away at 1410 2nd Street. The new space was previously occupied by Hydraulx. Science, Inc., was represented by Randy Starr and Tim Dornan of Avison Young. The landlord, Beitler Commercial Realty Services, represented itself in this transaction.
PHOENIX — Matrix Absence Management has moved its U.S. headquarters to Desert Canyon 200 in Phoenix. The space is located at 2421 W. Peoria Ave. The employee benefits management company has leased 65,502 square feet at the Desert Canyon Campus. It was previously based at the nearby Lakeside Center. Matrix will occupy a space that was vacated by American Express. It is currently undergoing renovations and should be ready for occupancy next spring. Matrix, a subsidiary of the Tokio Marine Group, was represented by Steve Corney of Jones Lang LaSalle’s Phoenix office. The landlord, REEF Desert Canyon, LLC, was represented by Jim Bayless, Ashley Brooks and Jenny Aust of CBRE’s Phoenix office.
HAYWARD, CALIF. — FBA Holdings, Inc., a subsidiary of Sears Holdings Corporation, has leased 64,800 square feet inside the Hayward Business Park. The new facility is located at 30803 Santana Street in Hayward. The company will use this new space to relocate its warehouse/distribution facility, which was previously based in Richmond. The company outgrew that 27,000-square-foot warehousing space. FBA was represented by Steve Miller of SiteLink International. The landlord, PS Business Parks, was represented by Greig Lagomarsino, and Rick Keely of Colliers International’s Oakland office.
MONUMENT, COLO. – A 16,399-square-foot shopping center in Monument has sold to a private San Diego group for $3.7 million. The multi-tenant center is located at 556-590 W. Highway 105, just north of Colorado Springs. It is fully occupied by tenants like UPS, Great Clips and Subway. The center is anchored by Safeway, though this space was not included in the sale. Patrick G. Kent of Hanley Investment Group represented both the buyer and the seller, a private Colorado investor, in this transaction.
SANTA MONICA, CALIF. — Science, Inc., has signed a 45-month lease for 16,220 square feet of space in Santa Monica. The 24,578-square-foot building is located at 1447 2nd Street. The building is now fully occupied. The technology incubator and investor is relocating and expanding from its 10,000-square-foot office that’s just steps away at 1410 2nd Street. The new space was previously occupied by Hydraulx. Science, Inc., was represented by Randy Starr and Tim Dornan of Avison Young. The landlord, Beitler Commercial Realty Services, represented itself in this transaction.
NAPA, CALIF. – Auberge Resorts and its partners have acquired the 50-room Calistoga Ranch in Napa Valley for a reported $55 million. The ultra-luxury resort is situated on 157 acres at 580 Lommel Road in an Upper Napa Valley canyon. The transaction represents the highest price per room of any hotel sold this year, according to Jones Lang LaSalle. Olympus Real Estate Partners developed Calistoga Ranch 10 years ago. It had previously sold the hotel’s 22 residential units. Auberge has managed the hotel since it opened in 2004. The resort sale was handled by John Straussof Jones Lang LaSalle’s Hotels & Hospitality Group. Strauss represented Olympus in that transaction.
DENVER — The Ritz-Carlton, Denver, a 202-room hotel in the city’s Downtown region, has received $51 million in financing. The luxury resort is located at 1881 Curtis Street in the Financial District. The hotel occupies the initial 14 floors of the 37-story tower. It is the only AAA Five Diamond-rated hotel in the city. The Apartments at Denver Place and the Residence XXV condominiums occupy the remaining levels and were not part of this transaction. The three-year, floating-rate loan will be used to refinance an existing loan facility. It was arranged by HFF’s Eric Tupler, John Bourret, Josh Simon and Matt Gangaware on behalf of Pearlmark Real Estate Partners. Financing was secured through a joint origination effort by Annaly Commercial Real Estate Group and Principal Real Estate Investors.The hotel will continue to be managed by The Ritz-Carlton Hotel Company, L.L.C.
SAN DIEGO — Drawbridge Realty Trust has acquired the Discovery Corporate Center Building A in San Diego for $36.5 million. It is located at 16340 West Bernardo Drive in the Rancho Bernardo submarket. The 90,610-square-foot, Class A building is fully leased to Broadcom Corporation. Drawbridge now owns three of the four buildings that comprise the 318,235-square-foot Discovery campus. The company is focused on acquiring well-located properties leased to major corporations in markets with positive absorption and job growth. The seller was Menlo Equities.