SAN FRANCISCO – A 5,770-square-foot retail building that is known by its locale, 33 Grant Avenue, has changed hands in San Francisco. The purchase price was not disclosed. The building resides within the city’s Union Square neighborhood. It is fully leased to two tenants, including Steve Madden and Archer, a luxury hair salon. The seller, City Center Realty Partners, LLC, was represented by HFF’s Nicholas Bicardo and Mark Damiani.
Western
SAN FRANCISCO — The Obvious Corporation has signed an eight-year lease for 75,000 square feet at 760 Market Street in San Francisco. The corporation was started by Evan Williams, who had previously founded Blogger and Twitter. His newest venture will occupy a three-level space at the office building. The landlord is Thor Equities.
PORTLAND, ORE. — NLD Title has purchased 22 single-tenant office properties that are currently leased to AmeriTitle. The properties are mostly located in Oregon and Idaho. AmeriTitle, which is wholly owned by JELD-WEN, will continue to occupy the buildings under a long-term lease agreement. NLD plans to put some of the properties back on the market. NLD was represented by the Silver Group.
SAN LUIS, ARIZ. — The San Luis Shopping Center, a 40,256-square-foot, multi-tenant shopping center in San Luis, has sold to an entity of SimonCRE for $2.2 million. The center is located on the U.S. border with Sonora, Mexico. It is shadow-anchored by a Super Wal-Mart and boasts a 61 percent occupancy rate. Other notable tenants include Dollar Tree, Rue 21, The Shoe Depot and Sally Beauty Supply. The seller, CRM Mid-Atlantic Properties, was represented by Andrew Fosberg and Steve Fernandez of CBRE’s Phoenix office.
GLENDALE, CALIF. — MCREF Verdugo LLC, a joint venture sponsored by Mill Creek Residential Trust LLC, has purchased a 67,518-square-foot land parcel in Glendale. The company plans to develop 245 apartment units on the site, which is located at 610 N. Central Ave. Construction is set to commence in April. It should be completed by the first quarter of 2015. Craig Stevens and Tyler Stevens of Lee & Associates-LA North/Ventura represented both the buyer and the seller in this transaction.
SAN FRANCISCO — The Obvious Corporation has signed an eight-year lease for 75,000 square feet at 760 Market Street in San Francisco. The corporation was started by Evan Williams, who had previously founded Blogger and Twitter. His newest venture will occupy a three-level space at the office building. The landlord is Thor Equities.
PORTLAND, ORE. — NLD Title has purchased 22 single-tenant office properties that are currently leased to AmeriTitle. The properties are mostly located in Oregon and Idaho. AmeriTitle, which is wholly owned by JELD-WEN, will continue to occupy the buildings under a long-term lease agreement. NLD plans to put some of the properties back on the market. NLD was represented by the Silver Group.
SAN LUIS, ARIZ. — The San Luis Shopping Center, a 40,256-square-foot, multi-tenant shopping center in San Luis, has sold to an entity of SimonCRE for $2.2 million. The center is located on the U.S. border with Sonora, Mexico. It is shadow-anchored by a Super Wal-Mart and boasts a 61 percent occupancy rate. Other notable tenants include Dollar Tree, Rue 21, The Shoe Depot and Sally Beauty Supply. The seller, CRM Mid-Atlantic Properties, was represented by Andrew Fosberg and Steve Fernandez of CBRE’s Phoenix office.
GLENDALE, CALIF. — MCREF Verdugo LLC, a joint venture sponsored by Mill Creek Residential Trust LLC, has purchased a 67,518-square-foot land parcel in Glendale. The company plans to develop 245 apartment units on the site, which is located at 610 N. Central Ave. Construction is set to commence in April. It should be completed by the first quarter of 2015. Craig Stevens and Tyler Stevens of Lee & Associates-LA North/Ventura represented both the buyer and the seller in this transaction.
SAN DIEGO – A 359,218-square-foot, 24-story office building in Downtown San Diego has sold to a joint venture between Lincoln Property Company and Angelo, Gordon & Companyfor $49 million. The high rise is located at 600 B Street. It is 85 percent occupied. Notable tenants include the City of San Diego and Bridgepoint Education, as well as several law firms. This is Lincoln’s first acquisition in the area since it opening a San Diego office this past May.