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.
Western
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.
SAN DIEGO — An 18,695-square-foot industrial building in the San Diego submarket of El Cajon has sold to GTF Properties for $2.8 million. The building is located at 310 N. Johnson Ave. GTF was represented by Tucker Hohenstein, Mike Erwin, Victor Krebs and Rob Morgan of Colliers International. The seller, Coneen Family Trust, was represented by Mark Silverman and Jason Smithson of NAI San Diego.
VANCOUVER, WASH. – A 39,567-square-foot building that used to house the Vancouver City Hall has sold to Northwest Property Resources, LLC for $2 million. The building is located near the IQ Credit Union building and the Vancouver Community Library in Downtown Vancouver. City Hall had occupied this location for 44 years. Northwest Property plans to renovate the space before converting it into a multi-tenant office building. The seller, Vancouver Public Schools, was represented by Charlie Kleier and Doug Bartocci of NAI Norris, Beggs & Simpson.
CENTENNIAL, COLO. — Sierra Nevada Corp. has leased 85,935 square feet of office space in Centennial. The office is located at 11551 E. Arapahoe Road. Sierra Nevada was represented by Todd Wheeler of Cushman & Wakefield. The landlord, GECMC 201-3 Arapahoe Office, was represented by Dan Miller, Doug Wulf Jeff Halsey and Jim Brady of Cassidy Turley Colorado.
SANTA ANA, CALIF. — Kulicke & Soffa has leased 66,538 square feet at Irvine Corporate Center in Santa Ana. The center is located at 1821 E. Dyer Road. The semiconductor designer and manufacturer will be relocating from its current regional headquarters in Irvine. Irvine Corporate Center is located within the Irvine Business Complex. Kulicke & Soffa was represented by Ken Ward and Dillon Dummit of Cresa Orange County. The landlord, a joint venture between Hines and Oaktree Capital Management, was represented by Joe Bevan and Wade Clark of Jones Lang LaSalle Orange County.
SAN DIEGO — An 18,695-square-foot industrial building in the San Diego submarket of El Cajon has sold to GTF Properties for $2.8 million. The building is located at 310 N. Johnson Ave. GTF was represented by Tucker Hohenstein, Mike Erwin, Victor Krebs and Rob Morgan of Colliers International. The seller, Coneen Family Trust, was represented by Mark Silverman and Jason Smithson of NAI San Diego.
VANCOUVER, WASH. – A 39,567-square-foot building that used to house the Vancouver City Hall has sold to Northwest Property Resources, LLC for $2 million. The building is located near the IQ Credit Union building and the Vancouver Community Library in Downtown Vancouver. City Hall had occupied this location for 44 years. Northwest Property plans to renovate the space before converting it into a multi-tenant office building. The seller, Vancouver Public Schools, was represented by Charlie Kleier and Doug Bartocci of NAI Norris, Beggs & Simpson.
CENTENNIAL, COLO. — Sierra Nevada Corp. has leased 85,935 square feet of office space in Centennial. The office is located at 11551 E. Arapahoe Road. Sierra Nevada was represented by Todd Wheeler of Cushman & Wakefield. The landlord, GECMC 201-3 Arapahoe Office, was represented by Dan Miller, Doug Wulf Jeff Halsey and Jim Brady of Cassidy Turley Colorado.