WEST COVINA, CALIF. — A single-tenant restaurant space that sits adjacent to the West Covina Mall has sold to Olympic Harbor Investment Corporation for $4.2 million. It resides at 1360 W. Garvey Ave. in West Covina. The unnamed seller was represented by Patrick Barnes and Peter Spragg of Colliers International.
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SAN DIEGO — Cornerstone Heights Corporate Center in San Diego has sold to a joint venture between Lincoln Property Company and Artemis Real Estate Partners for $14.1 million. It is located at 5959 & 6059 Cornerstone Court West. The center contains twin buildings that total 97,945 square feet. Lincoln Property represented itself in this transaction, while the seller, The Realty Associates Fund VI, L.P., was represented by Rick Reeder and Brad Tecca of Cassidy Turley San Diego.
SAN PEDRO, CALIF. — Pacific Place, a 292,540-square-foot, Class A office tower in San Pedro, has sold to Jupiter Holdings LLC for an undisclosed sum. It is located at 222 West 6th Street. The building was previously occupied by Northrop Grumman. The seller, Pacific Place Associates, was represented by CBRE’s Kevin Shannon, Dave Smith and Scott Schumacher.
PICO RIVERA, CALIF. – An industrial property in Pico Rivera that contains 9,840 square feet of office space and 57,635 square feet of dock area has sold to Beverly Pico, LLC for $11.5 million. It is located at 9933 Beverly Blvd. The seller, NRC Realty & Capital Advisors, LLC, worked in cooperation with brokers from Burr & Temkin and Grubb & Ellis on this transaction.
WEST COVINA, CALIF. — A single-tenant restaurant space that sits adjacent to the West Covina Mall has sold to Olympic Harbor Investment Corporation for $4.2 million. It resides at 1360 W. Garvey Ave. in West Covina. The unnamed seller was represented by Patrick Barnes and Peter Spragg of Colliers International.
PALO ALTO, CALIF. — KBS Realty Advisors has purchased Palo Alto Technology Center, a 259,157-square-foot office campus, for an undisclosed sum. The 10-building complex is located on Embarcadero Road at Highway 101 in Palo Alto. It was 97 percent leased at the time of sale. Stanford Hospital and Clinics recently leased about 66 percent of the campus.
SAN CLEMENTE, CALIF. — Oceanview Medical Center in San Clemente has sold to Accretive Realty Advisors for an undisclosed sum. The campus contains a 30,913-square-foot medical office building that is situated across from the San Clemente campus of Saddleback Memorial Medical Center. The center is anchored by MemorialCare Health, which houses several affiliated practice groups. Accretive Realty represented itself in this transaction, while the unnamed seller was represented by Evan Kovac, Garth Hogan, Chris Stai and Kyle Kovac of Newmark Grubb Knight Frank's Global Healthcare Services Group. Hogan, along with John Scruggs, will serve as Accretive’s exclusive leasing agents.
SANTA MONICA, CALIF. — Acento Advertising has signed a seven-year lease for 19,042 square feet at 2001 Wilshire Blvd. in Santa Monica. The new space will allow the company to expand and hire about 60 new employees. The lease is valued at $4.36 million. Acento will occupy the new space in March. The firm was represented by Roger Beck and Gelena Skya-Wasserman of Charles Dunn Company. The landlord, Douglas Emmett, represented itself in this lease transaction.
PALO ALTO, CALIF. — KBS Realty Advisors has purchased Palo Alto Technology Center, a 259,157-square-foot office campus, for an undisclosed sum. The 10-building complex is located on Embarcadero Road at Highway 101 in Palo Alto. It was 97 percent leased at the time of sale. Stanford Hospital and Clinics recently leased about 66 percent of the campus.
SAN CLEMENTE, CALIF. — Oceanview Medical Center in San Clemente has sold to Accretive Realty Advisors for an undisclosed sum. The campus contains a 30,913-square-foot medical office building that is situated across from the San Clemente campus of Saddleback Memorial Medical Center. The center is anchored by MemorialCare Health, which houses several affiliated practice groups. Accretive Realty represented itself in this transaction, while the unnamed seller was represented by Evan Kovac, Garth Hogan, Chris Stai and Kyle Kovac of Newmark Grubb Knight Frank's Global Healthcare Services Group. Hogan, along with John Scruggs, will serve as Accretive’s exclusive leasing agents.