SAN FRANCISCO — Anchor Brewing has announced plans to develop a 212,000-square-foot facility at Pier 48, making it the first major tenant to sign onto San Francisco’s new $1.6-billion Mission Rock development. The new waterfront brewery will allow the craft brewer to quadruple its operation. Its annual production capacity is expected to increase from 180,000 barrels to 680,000 barrels. The company’s original facility in Potrero Hill will remain in operation. Anchor Brewing is known for its Anchor Steam Beer, which has been brewed in San Francisco since 1896. The new facility will feature brewing, distilling, packaging, storing and shipping production facilities, as well as a restaurant, museum and educational facility. Construction will begin in late 2014.Anchor Brewing will occupy 22 percent of the new Mission Rock project, which is being developed by the San Francisco Giants. The mixed-use project will contain up to 1,500 residential units, up to 1.7 million square feet office space, and up to 250,000 square feet of retail, restaurants and public amenities. Pier 48 is part of the Port’s Embarcadero Historic District.
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PHOENIX – The 24-unit Cobalt apartments in Phoenix has sold to Goodman Real Estate for $5.6 million. The Class A community is located at 32nd Street and Union Hills. The acquisition includes land that could be used for a 66-unit expansion. John Cunninghamand Charles Steeleof the Jones Lang LaSalle Phoenix Capital Markets Teamrepresented the seller, Sabal Financial Group, in this transaction.
SAN JOSE, CALIF. – The San Jose Evergreen Community College District has purchased a 36,363-square-foot office building in Downtown San Jose for $4.3 million. The building is located at 40 South Market Street. The district will soon relocate its administrative services to the new facility from its southeast San Jose office on San Felipe Road. The building was 60 percent vacant at the time of sale. The district will occupy more than 22,000 square feet of this vacant space. It plans to absorb additional space once the remaining leases expire. The seller, Sleepy Hollow Investment Management, was represented by Michael Speers of Cassidy Turley, and Duffy D’Angelo and Dave Schmidt of Colliers International.
SANTA CLARA, CALIF. – Nvidia has announced plans to expand its Santa Clara campus by adding a new 500,000-square-foot office building. The project will be developed in two phases, with the first phase commencing in June. It will be built on the south side of a24-acre parcelthat was purchased by the visual computing technologies company in 2008. It will contain two levels of office and lab spacethat will accommodate up to 2,500 people. Nvidia’s Santa Clara operations already contains a 12-building, 1.1-million-square-foot campus. The project will be built by Webcor, designed by Gensler and managed by SRGNC CRES, LLC, a division of Sares Regis Group of Northern California.
SAN FRANCISCO — Anchor Brewing has announced plans to develop a 212,000-square-foot facility at Pier 48, making it the first major tenant to sign onto San Francisco’s new $1.6-billion Mission Rock development. The new waterfront brewery will allow the craft brewer to quadruple its operation. Its annual production capacity is expected to increase from 180,000 barrels to 680,000 barrels. The company’s original facility in Potrero Hill will remain in operation. Anchor Brewing is known for its Anchor Steam Beer, which has been brewed in San Francisco since 1896. The new facility will feature brewing, distilling, packaging, storing and shipping production facilities, as well as a restaurant, museum and educational facility. Construction will begin in late 2014. Anchor Brewing will occupy 22 percent of the new Mission Rock project, which is being developed by the San Francisco Giants. The mixed-use project will contain up to 1,500 residential units, up to 1.7 million square feet office space, and up to 250,000 square feet of retail, restaurants and public amenities. Pier 48 is part of the Port’s Embarcadero Historic District.
PHOENIX – The 24-unit Cobalt apartments in Phoenix has sold to Goodman Real Estate for $5.6 million. The Class A community is located at 32nd Street and Union Hills. The acquisition includes land that could be used for a 66-unit expansion. John Cunningham and Charles Steele of the Jones Lang LaSalle Phoenix Capital Markets Team represented the seller, Sabal Financial Group, in this transaction.
SAN JOSE, CALIF. – The San Jose Evergreen Community College District has purchased a 36,363-square-foot office building in Downtown San Jose for $4.3 million. The building is located at 40 South Market Street. The district will soon relocate its administrative services to the new facility from its southeast San Jose office on San Felipe Road. The building was 60 percent vacant at the time of sale. The district will occupy more than 22,000 square feet of this vacant space. It plans to absorb additional space once the remaining leases expire. The seller, Sleepy Hollow Investment Management, was represented by Michael Speers of Cassidy Turley, and Duffy D’Angelo and Dave Schmidt of Colliers International.
SAN DIEGO – The 37,729-square-foot Bernardo Heights Plaza in the San Diego submarket of Rancho Bernardo has sold to ROIC BHP, LLC for $12.4 million. The center is located at 15727 & 15731 Bernardo Heights Parkway. The center is fully leased to tenants like Sprouts, Tuesday Morning, Bernardo Heights Dental Group, Majestic Nails & Spa, Sports Clips and Wholesome Choice Pet Market. William B. Asher and Edward B. Hanley of Hanley Investment Group Real Estate Advisors represented both the buyer and the seller, MPC Bernardo Heights, L.P., in this transaction.
LOS ANGELES – A 4,020-square-foot retail property near Los Angeles’ Melrose District has sold to an unnamed buyer for $6.8 million. The two-level, street-front property is located at 8455-8459 Melrose Place in West Hollywood. It is fully leased to Frederic Fekkaiand Equipment. Fekkaihas seven years remaining on its 10-year, NNN lease, while the clothing company just signed a new seven-year lease. The special servicer seller was represented by CBRE’s National Retail Investment Group-West in this REO sale.
ALAMEDA, CALIF. — The Girl Scouts of Northern Californiahas leased 20,688 square feet at the Harbor Bay Business Park in Alameda. The Class A building is located at 1650 Harbor Bay Parkway. The organization will be relocating from 7700 Edgewater Drive in Oakland to its new space in May. The Girl Scouts were represented by Barry Cohn, David Englert and Mel Harrison of Cassidy Turley. The landlord, Worthington California Investments, was represented by John Dolby and Michael Raffetto, also of Cassidy Turley.