COLTON, CALIF. — C.R. England has signed a 10-year lease for a 34.36-acre truck terminal property in Colton. The lease is valued at $14.5 million. The property is located at 2250 S. Riverside Ave. It is situated near Interstates 10 and 215, as well as Highway 60. Additional tenants in the area include Fed Ex, Cooper Lighting, Simpson Manufacturing, Exel Logistics, Bob Hubbard Transportation, Pro Build, Razor Scooters and Living Spaces. C.R. England, which is the largest temperature-controlled carrier in the world, will be expanding from its nearby Mira Loma location. The carrier was represented by Jeff Smith and Ryan Lal of Lee & Associates’ Ontario office. The landlord is Heitman Financial.
Western
WALNUT CREEK, CALIF. — Arbor Commercial Funding has provided a total of $53.5 million in financing to six multifamily properties throughout Northern California. The properties included the 152-unit Creekside Glen Apartments; the 107-unit Carmel House Apartments; and the 99-unit Cypress Creek Apartments in Walnut Creek, as well as the 144-unit Briarwood Apartments in Turlock; the 105-unit Coaling Station B Apartments in Coalinga; and the 48-unit Village Ceres Apartments in Ceres.The loans were funded under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUSSmall Loan and Fannie Mae DUSARM 7/6 product lines. They were originated by Jay Porterfield in Arbor’s Plano, Tex., office.
LOS ANGELES — Destination XL (DXL) has leased a 9,440-square-foot retail building in the Los Angeles submarket of Woodland Hills. The building is located at 6041 Topanga Canyon Blvd. The space was previously occupied by three separate tenants, including 3 Day Blinds. The men’s big and tall superstore is scheduled to open in September. This will be DXL’s second California location. The chain is owned by Casual Male Retail Group. DXL was represented by SPL Realty Partners. The landlord was represented by Dean Cutler of the Piken Company.
MESA, ARIZ. — Dollar Tree has leased a 10,000-square-foot space in the Falcon Gateway Shopping Center. The space is located at the southeast corner of McKellips and Greenfield roads in Mesa. The new store is scheduled to open in June. Other tenants at Falcon Gateway include Walmart, Staples, NextCare, Chase and Carl’s Junior. Dollar Tree was represented by Kurt Kalocin of SRS Real Estate Partners.
WALNUT CREEK, CALIF. — Arbor Commercial Funding has provided a total of $53.5 million in financing to six multifamily properties throughout Northern California. The properties included the 152-unit Creekside Glen Apartments; the 107-unit Carmel House Apartments; and the 99-unit Cypress Creek Apartments in Walnut Creek, as well as the 144-unit Briarwood Apartments in Turlock; the 105-unit Coaling Station B Apartments in Coalinga; and the 48-unit Village Ceres Apartments in Ceres. The loans were funded under the Fannie Mae Delegated Underwriting & Servicing (DUS) Loan, Fannie Mae DUSSmall Loan and Fannie Mae DUSARM 7/6 product lines. They were originated by Jay Porterfield in Arbor’s Plano, Tex., office.
LOS ANGELES — Destination XL (DXL) has leased a 9,440-square-foot retail building in the Los Angeles submarket of Woodland Hills. The building is located at 6041 Topanga Canyon Blvd. The space was previously occupied by three separate tenants, including 3 Day Blinds. The men’s big and tall superstore is scheduled to open in September. This will be DXL’s second California location. The chain is owned by Casual Male Retail Group. DXL was represented by SPL Realty Partners. The landlord was represented by Dean Cutler of the Piken Company.
MESA, ARIZ. — Dollar Tree has leased a 10,000-square-foot space in the Falcon Gateway Shopping Center. The space is located at the southeast corner of McKellips and Greenfield roads in Mesa. The new store is scheduled to open in June. Other tenants at Falcon Gateway include Walmart, Staples, NextCare, Chase and Carl’s Junior. Dollar Tree was represented by Kurt Kalocin of SRS Real Estate Partners.
LOS ANGELES – NorthMarq Capital has arranged a $42.1-million bridge loan for Point Dume Shopping Center, a 55,863-square-foot center in Malibu, and 301 Ocean, a proposed high-end condominium development in Santa Monica. Financing was based on a three-year, interest-only term. It was arranged for Marquis Property Company, Ltd. by Robert Hervey of NorthMarq’s Los Angeles regional office through the company’s relationship with a bridge lender.
SAN FRANCISCO — A fully entitled, Class A+ office and luxury condominium development site in Downtown San Francisco has sold to Jay Paul Company for an undisclosed sum. The .35-acre site is located at 181 Fremont Street in the city’s South Financial District. The proposed 54-story property will feature 684,000 square feet of luxury residential condominiums atop office space. It will target LEED-Gold certification. The seller, a joint venture between SKS Investments and an institutional investor, was represented by HFF’s Gerry Rohm, Michael Leggett, Holden Lim, Dave Karol and Mark Damiani.
SCOTTSDALE, ARIZ. — Kierland Village Center, a 116,809-square-foot neighborhood shopping center in Scottsdale, has sold to Kierland Village CMH, LLC for $25.3 million. Kierland Village CMH is an entity formed by RD Advisors and Mariash Corp. The center is located at 6501 E. Greenway Parkway Road. Notable tenants include Safeway, Walgreens, the UPS Store, Subway, Baskin Robbins, Fantastic Sam’s, Einstein’s and Panda Express. The seller, Kierland Village Center, LLC, was represented by Ryan Schubert and Michael Hackett of Cassidy Turley Arizona.