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.
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SAN FRANCISCO — A fully pre-leased office tower has broken ground in San Francisco. It is located at 350 Mission Street across from the new Transbay Transit Center and Millennium Tower. Salesforce.com will fully occupy the glass and concrete office tower once it’s completed in 2015. The $200-million tower is being developed by Kilroy Realty Corporation.
LAS VEGAS — Blue Diamond Crossing, a 530,000-square-foot community shopping center in southwest Las Vegas, has received $59 million in CMBS financing. The center is anchored by Kohl’s and Target. The new funds will replace construction take-out financing that was previously provided by a life insurance company. Financing was arranged by Chris Funai, Braden Turnbull and Peter Welsh of Newmark Realty Capital.
TEMPE, ARIZ. – OliverMcMillan has gained approval to develop the Lofts @ Hayden Ferry, a 264-unit, Class A apartment building in Tempe. The community will be located on the south side of Tempe Town Lake. It will be situated on a 3.69-acre vacant site within the Hayden Ferry Lakeside Master Plan. Construction is set to commence later this year.
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.
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.