SANTA CLARITA, CALIF. — The Center at Shangri-La, a 53,692-square-foot retail shopping center in Santa Clarita, has sold to an unnamed buyer for $10 million. It is located at 18635 Soledad Canyon Road. The center is 97 percent leased to 15 tenants on triple-net leases with fixed increases. Notable tenants include the Santa Clarita Public Library, Telesis Communication, Everest Charbroiled Burgers, IHOP, the Medicine Shoppe, Jersey Mike’s Subs, Domino’s Pizza and the Elite Fitness Compound. The library, which co-anchors the center, was not part of the sale. The seller, Shangri-La LLC, was represented by Gregory Mills of Marcus & Millichap’s Encino office.
Western
ROSEVILLE, CALIF. — Sutter Health has signed a 10-year lease for 295,000 square feet of office space in Roseville where the healthcare operator plans to open an administrative service center. Additional services, such as finance, billing, human resources and other non-patient care functions, will also operate out of the new service center, which is located at 9100 Foothills Blvd. Sutter Health’s system offices will remain in Sacramento. The company was represented by Ron Thomas, Kevin Partington, Bruce Hohenhaus and Chris Schwarze of Cushman & Wakefield. The landlord, Quality Investment Properties, was represented by Dennis Shorrock and Bruce Wirt of Cornish & Carey Commercial Newmark Grubb Knight Frank.
NEWARK, CALIF. — CapRock Partners has purchased a 237,933-square-foot headquarters and manufacturing property in Newark for an undisclosed sum. CapRock came into possession of the asset after purchasing its non-performing note. The previous owner recently vacated the property, which is located at 39889 Eureka Drive. It contains 190,827 square feet of warehouse space, 41,600 square feet of offices, and 5,506 square feet of testing and repair space. CapRock plans to lease or sell the building to a single entity. CBRE’s Chip Sutherland and Greg DeLong are handling the building’s marketing efforts.
SANTA CLARITA, CALIF. — The Center at Shangri-La, a 53,692-square-foot retail shopping center in Santa Clarita, has sold to an unnamed buyer for $10 million. It is located at 18635 Soledad Canyon Road. The center is 97 percent leased to 15 tenants on triple-net leases with fixed increases. Notable tenants include the Santa Clarita Public Library, Telesis Communication, Everest Charbroiled Burgers, IHOP, the Medicine Shoppe, Jersey Mike’s Subs, Domino’s Pizza and the Elite Fitness Compound. The library, which co-anchors the center, was not part of the sale. The seller, Shangri-La LLC, was represented by Gregory Mills of Marcus & Millichap’s Encino office.
ROSEVILLE, CALIF. — Sutter Health has signed a 10-year lease for 295,000 square feet of office space in Roseville where the healthcare operator plans to open an administrative service center. Additional services, such as finance, billing, human resources and other non-patient care functions, will also operate out of the new service center, which is located at 9100 Foothills Blvd. Sutter Health’s system offices will remain in Sacramento. The company was represented by Ron Thomas, Kevin Partington, Bruce Hohenhaus and Chris Schwarze of Cushman & Wakefield. The landlord, Quality Investment Properties, was represented by Dennis Shorrock and Bruce Wirt of Cornish & Carey Commercial Newmark Grubb Knight Frank.
NEWARK, CALIF. — CapRock Partners has purchased a 237,933-square-foot headquarters and manufacturing property in Newark for an undisclosed sum. CapRock came into possession of the asset after purchasing its non-performing note. The previous owner recently vacated the property, which is located at 39889 Eureka Drive. It contains 190,827 square feet of warehouse space, 41,600 square feet of offices, and 5,506 square feet of testing and repair space. CapRock plans to lease or sell the building to a single entity. CBRE’s Chip Sutherland and Greg DeLong are handling the building’s marketing efforts.
COMPTON, CALIF. – Prologis has acquired a 132,926-square-foot industrial property in Compton for $9.1 million. It is located at 175 East Manville Street. The firm plans to renovate the building. Peter D. Bacci and Jack Cline of Lee & Associates represented both Prologis and the seller, Felix Family Trust, in this transaction.
LAS VEGAS – A 138-unit apartment building located at 121 N. 15th Street in Las Vegas has sold to James E. Wolf for $3.5 million. The seller, Pacifica F Meadows, was represented by Patrick Sauter of NAI Sauter Companies.
WEST HILLS, CALIF. – Westwood Insurance Agency, a QBE FIRST subsidiary, has expanded to 44,436 square feet at the Corporate Pointe in West Hills. The office space is located at 8407 Fallbrook Ave. Westwood has resided at Corporate Pointe for the past eight years. QBE was represented by Dan Sanchez and Gil Ohls of Jones Lang LaSalle. The landlord, Multi-Employer Property Trust, was represented by CBRE. Bentall Kennedy acts as Multi-Employer Property’s real estate advisor.
COMPTON, CALIF. – Prologis has acquired a 132,926-square-foot industrial property in Compton for $9.1 million. It is located at 175 East Manville Street. The firm plans to renovate the building. Peter D. Bacci and Jack Cline of Lee & Associates represented both Prologis and the seller, Felix Family Trust, in this transaction.