REDWOOD CITY, CALIF. — Storm8 has leased a 50,305-square-foot building inside Redwood City’s Bayshore Technology Park. The Class A building is located at 1000 Bridge Parkway. The social games developer was represented by Erich SollmanofCassidy Turley. The park’s owner, Harvest Properties, was represented by MikeMoran, Ben Paul, RandyArrillaga, andRandy Keller, also of Cassidy Turley.
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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 Fekkai and Equipment. Fekkai has 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.
REDWOOD CITY, CALIF. — Storm8 has leased a 50,305-square-foot building inside Redwood City’s Bayshore Technology Park. The Class A building is located at 1000 Bridge Parkway. The social games developer was represented by Erich Sollman of Cassidy Turley. The park’s owner, Harvest Properties, was represented by Mike Moran, Ben Paul, Randy Arrillaga, and Randy Keller, also of Cassidy Turley.
MANTECA, CALIF. — The 3.1-million-square-footCenterPointIntermodal Facility is scheduled to break ground in Manteca within the month. Manteca is situated between Stockton and Modesto in Northern California. The $175-million project will be located just west of Airport Way between Roth Road and Lathrop Road across from the Union Pacific intermodal yards. The funds will be provided by CalPERS. The San Joaquin Partnership estimates the new facility will create 600 permanent jobs.
FORT COLLINS, COLO. – The 220-unit Preserve at the Meadows in Fort Collins has received $25.1 million in financing. The community is located at 350 Riva Ridge Drive. The fully amortized, FHA-insured 223f mortgage features a 35-year term and a fixed 2.75 percent interest rate. It was arranged by Greg Benjamin and Dan Lucchesi of NorthMarq Capital’sDenveroffice.
CEDAR CITY, UTAH — GAF, North America’s largest roofing manufacturer, has purchased a 534,598-square-foot manufacturing facility in Cedar City for an undisclosed sum. The facility is located at 5080 West Highway 56. GAF plans to manufacture foam insulation boards and single-ply roofing system components at the facility. The company was represented by Eric Dienstbach of Binswanger’s Denver office. The seller was CC Utah Enterprises, LLC.
MANTECA, CALIF. — The 3.1-million-square-foot CenterPoint Intermodal Facility is scheduled to break ground in Manteca within the month. Manteca is situated between Stockton and Modesto in Northern California. The $175-million project will be located just west of Airport Way between Roth Road and Lathrop Road across from the Union Pacific intermodal yards. The funds will be provided by CalPERS. The San Joaquin Partnership estimates the new facility will create 600 permanent jobs.
FORT COLLINS, COLO. – The 220-unit Preserve at the Meadows in Fort Collins has received $25.1 million in financing. The community is located at 350 Riva Ridge Drive. The fully amortized, FHA-insured 223f mortgage features a 35-year term and a fixed 2.75 percent interest rate. It was arranged by Greg Benjamin and Dan Lucchesi of NorthMarq Capital’s Denver office.