Western

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.

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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.

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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.

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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.

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SEATTLE — In a move to increase its presence in the United States, Canada-based Ivanhoe Cambridge Inc. has acquired the Wells Fargo Center, a 47-story, Class A office tower in downtown Seattle, for $390 million.Boston-based Beacon Capital Partners LLC was the seller. The transaction marks the region’s largest office sale so far this year, according to thePuget Sound Business Journal.Built in 1983, the office property at Third Avenue and Madison Street includes 983,600 rentable square feet. Of that, nearly 298,900 square feet are available for lease, according to OfficeSpace.com.The skyscraper, which has views of Elliott Bay and downtown Seattle, brings the Canadian investor’s share of Class A space in city’s financial district to almost 8 percent, according to a statement released by Ivanhoe Cambridge. The company has a 50 percent stake in the 943,600-square-foot U.S. Bank Centre, also in the district.Located at 999 Third Ave., Wells Fargo Center is one of Seattle’s tallest skyscrapers. The tower features energy-management and environmental systems, with LEED Gold certification.Ivanhoe Cambridge is the real estate arm of Canadian institutional fund manager Caisse de d

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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.

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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.

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SEATTLE — In a move to increase its presence in the United States, Canada-based Ivanhoe Cambridge Inc. has acquired the Wells Fargo Center, a 47-story, Class A office tower in downtown Seattle, for $390 million. Boston-based Beacon Capital Partners LLC was the seller. The transaction marks the region’s largest office sale so far this year, according to the Puget Sound Business Journal. Built in 1983, the office property at Third Avenue and Madison Street includes 983,600 rentable square feet. Of that, nearly 298,900 square feet are available for lease, according to OfficeSpace.com. The skyscraper, which has views of Elliott Bay and downtown Seattle, brings the Canadian investor’s share of Class A space in city’s financial district to almost 8 percent, according to a statement released by Ivanhoe Cambridge. The company has a 50 percent stake in the 943,600-square-foot U.S. Bank Centre, also in the district. Located at 999 Third Ave., Wells Fargo Center is one of Seattle’s tallest skyscrapers. The tower features energy-management and environmental systems, with LEED Gold certification. Ivanhoe Cambridge is the real estate arm of Canadian institutional fund manager Caisse de dépôt et placement du Québec. The real estate manager owns CAN$35 billion in assets in more …

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