SANTA ANA, CALIF. – A 20,556-square-foot industrial buildingin Santa Ana has sold to Wendy Chai for $2.06 million. It is located at 1513 E. Saint Gertrude. Chai was represented by Matthew Christianson of Jones Lang LaSalle. The seller, Vincent Servin, was represented by John Collins and Kevin Thomas of Lee & Associates’ Newport Beach office.
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AURORA, COLO. – The 320-unit Vistas at Saddle Rock apartment community in Aurora has sold to Advenir for $45.2 million. This is the highest price per unit ever paid for a multifamily asset in Aurora, according to ARA, which represented the seller, Bascom Group, in this transaction. The community was built in 2002 and updated in 2009 and 2010. It is currently 95 percent leased. Bascom was represented by principals Terrance Hunt, Shane Ozment, Doug Andrews and Jeff Hawks.
RIVERSIDE, CALIF. – A pair of distribution buildings in Riverside have received a forward commitment of $17.7 million. The properties contain a total of 850,000 square feet spread out among four tenants. The funding was arranged by Carl Fuller of the Alison Company through a correspondent life insurance company. The seven-month forward commitment is for a 10-year loan with a 25-year amortization period.
SONORA, CALIF. – Downtown Sonora Plaza, a 40,600-square-footshoppingcenter, has sold to Dwares Group for a little more than $3 million. The center is currently 94 percent leased. Notable tenants include anchor Save Mart, along with a regional pharmacy and community bank. Dwares plans to renovate the property. The company was represented by Patrick Follett and Jon Gianulias of Core Commercial. Follett also represented the unnamed seller.
LOS ANGELES – Ultimate Off Price has signed a 10-year lease for 41,328 square feet in Downtown Los Angeles. The space is located at 1615 E. 15th Street in the city’s garment district. The lease, which will commence in January 2013, is valued at $3.56 million. Ultimate Off Price was represented by Jerry Sackler of Daum Commercial’s Downtown office. The landlord, Western States Technologies, was represented by Jeff Thompson of the same office.
AURORA, COLO. – The 320-unit Vistas at Saddle Rock apartment community in Aurora has sold to Advenir for $45.2 million. This is the highest price per unit ever paid for a multifamily asset in Aurora, according to ARA, which represented the seller, Bascom Group, in this transaction. The community was built in 2002 and updated in 2009 and 2010. It is currently 95 percent leased. Bascom was represented by principals Terrance Hunt, Shane Ozment, Doug Andrews and Jeff Hawks.
RIVERSIDE, CALIF. – A pair of distribution buildings in Riverside have received a forward commitment of $17.7 million. The properties contain a total of 850,000 square feet spread out among four tenants. The funding was arranged by Carl Fuller of the Alison Company through a correspondent life insurance company. The seven-month forward commitment is for a 10-year loan with a 25-year amortization period.
SONORA, CALIF. – Downtown Sonora Plaza, a 40,600-square-foot shopping center, has sold to Dwares Group for a little more than $3 million. The center is currently 94 percent leased. Notable tenants include anchor Save Mart, along with a regional pharmacy and community bank. Dwares plans to renovate the property. The company was represented by Patrick Follett and Jon Gianulias of Core Commercial. Follett also represented the unnamed seller.
LOS ANGELES – Ultimate Off Price has signed a 10-year lease for 41,328 square feet in Downtown Los Angeles. The space is located at 1615 E. 15th Street in the city’s garment district. The lease, which will commence in January 2013, is valued at $3.56 million. Ultimate Off Price was represented by Jerry Sackler of Daum Commercial’s Downtown office. The landlord, Western States Technologies, was represented by Jeff Thompson of the same office.
SALT LAKE CITY — The Sun Products Corporation has signed a lease for 1 million square feet of space at Freeport West Landmark Industrial Park in Salt Lake City. This is the largest lease signed so far in Utah in 2012. Sun Products will be consolidating six of its warehouses into two main distribution centers. Sun was represented by Zach Anderson, Bryce Blanchard, Kyle Roberts and Mike Falk of NAI West. Freeport West was represented in-house by Brad Ross.