SAN BERNARDINO, CALIF. — interchange Business Center, a 667,024-square-foot industrial center in San Bernardino, has sold to one of the U.S.’s largest privately held real estate advisors for an undisclosed sum. The three-building center is located at 1651 Interchange Drive. The seller was a partnership between Behringer Harvard and CT Realty Investors.
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BEVERLY HILLS, CALIF. — An 18,205-square-foot retail and office building in Beverly Hills that is fully leased to Giorgio Armani was sold to Jenel Management for an undisclosed sum. The building is located at 9533 Brighton Way between Rodeo and Camden driveswithin the city’s Golden Triangle district. The seller, GLL Real Estate Partners, was represented by Michael Zietsman and Patrick Inglis of Jones Lang LaSalle.
NAPA, CALIF. – A two-property multifamily portfolio in Napa has sold to Ridge Capital Investors, LLC and Redwood Real Estate Partners for $39.5 million. The properties included in this acquisition were the 124-unit Saratoga Downs Apartments and the 54-unit Sheveland Ranch Townhomes. The contiguous Class A properties are located just south of downtown Napa. The combined assets have been rebranded as Saratoga Downs at Sheveland Ranch. They represent the newest apartment product in the Napa market. The new property will be managed by FPI Management. Vince Schwab of Marcus & Millichap’s San Francisco office represented both the buyers and the unnamed seller in this transaction.
SAN BERNARDINO, CALIF. — interchange Business Center, a 667,024-square-foot industrial center in San Bernardino, has sold to one of the U.S.’s largest privately held real estate advisors for an undisclosed sum. The three-building center is located at 1651 Interchange Drive. The seller was a partnership between Behringer Harvard and CT Realty Investors.
BEVERLY HILLS, CALIF. — An 18,205-square-foot retail and office building in Beverly Hills that is fully leased to Giorgio Armani was sold to Jenel Management for an undisclosed sum. The building is located at 9533 Brighton Way between Rodeo and Camden driveswithin the city’s Golden Triangle district. The seller, GLL Real Estate Partners, was represented by Michael Zietsman and Patrick Inglis of Jones Lang LaSalle.
NAPA, CALIF. – A two-property multifamily portfolio in Napa has sold to Ridge Capital Investors, LLC and Redwood Real Estate Partners for $39.5 million. The properties included in this acquisition were the 124-unit Saratoga Downs Apartments and the 54-unit Sheveland Ranch Townhomes. The contiguous Class A properties are located just south of downtown Napa. The combined assets have been rebranded as Saratoga Downs at Sheveland Ranch. They represent the newest apartment product in the Napa market. The new property will be managed by FPI Management. Vince Schwab of Marcus & Millichap’s San Francisco office represented both the buyers and the unnamed seller in this transaction.
MESA, ARIZ. – About 19.55 acres of entitled and improved land at Riverview Point, a Class A office project in Mesa, has sold to Montana Avenue Capital, LLC (MAC) for $2.7 million. The land is located on the southwest corner of Alma School Road and Bass Pro Drive. MAC plans to sell the land for development and build-to-suit opportunities. The seller, M&I Regional Properties LLC, was represented by David Carder and Luke Walker of CBRE’s Phoenix office in this short sale.
NORWALK, CALIF. — Ameripak Industries has signed a 62-month lease for a 72,000-square-foot building in Norwalk. The lease is valued at about $2 million. The space is located at 15500-15510 Blackburn Ave. The company will be relocating from nearby Pico Rivera. Ameripak was represented by CBRE’s Philip Christian, David Ellis, Josh Bonwell and Rick McGeagh. The landlord is Majestic Realty.
CHANDLER, ARIZ. — Gold Medal Gymnastics Academy has signed a seven-year lease for 24,492 square feet of office and warehouse space at Warner Commerce Park. The space is located at 455 E. Warner Road in Chandler. The new lease will bring the center to full occupancy once the academy opens in August. Gold Medal Gymnastics was represented by Andy Kroot and Christina Biagiolo of Velocity Retail Group in Phoenix. The landlord, Dalfen America Corp., was represented by Evan Koplan and Mike Parker of CBRE’s Phoenix office.
MESA, ARIZ. – About 19.55 acres of entitled and improved land at Riverview Point, a Class A office project in Mesa, has sold to Montana Avenue Capital, LLC (MAC) for $2.7 million. The land is located on the southwest corner of Alma School Road and Bass Pro Drive. MAC plans to sell the land for development and build-to-suit opportunities. The seller, M&I Regional Properties LLC, was represented by David Carder and Luke Walker of CBRE’s Phoenix office in this short sale.